Lifetime Portfolio Choice with Costly Adjustment for Living Standard
In this paper we study a model of lifetime portfolio choice in a finite horizon with adjustment
costs for living standard. The model presents a smooth and consistent payout policy and …
costs for living standard. The model presents a smooth and consistent payout policy and …
[HTML][HTML] Optimal Consumption and Investment with Income Adjustment and Borrowing Constraints
G Kim, J Jeon - Mathematics, 2024 - mdpi.com
In this paper, we address the utility maximization problem of an infinitely lived agent who has
the option to increase their income. The agent can increase their income at any time, but …
the option to increase their income. The agent can increase their income at any time, but …
The finite-horizon retirement problem with borrowing constraint: A zero-sum stopper vs. singular-controller game
In this paper, we study the optimization problem of an economic agent who chooses the best
time for retirement as well as consumption and investment in the presence of a mandatory …
time for retirement as well as consumption and investment in the presence of a mandatory …
Optimal Portfolio and Labor-Leisure Decisions with intolerance for declining standard of living
In this paper, we address the optimal consumption, investment, and labor-leisure decision of
an economic agent who does not allow a decrease in consumption. The agent has a Cobb …
an economic agent who does not allow a decrease in consumption. The agent has a Cobb …