Estimation of Shadow Prices for Project Evaluation in Pakistan
نویسندگان
چکیده
منابع مشابه
Shadow prices for continuous processes
In a financial market with a continuous price process and proportional transaction costs we investigate the problem of utility maximization of terminal wealth. We give sufficient conditions for the existence of a shadow price process, i.e. a least favorable frictionless market leading to the same optimal strategy and utility as in the original market under transaction costs. The crucial ingredi...
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ژورنال
عنوان ژورنال: The Pakistan Development Review
سال: 1979
ISSN: 0030-9729
DOI: 10.30541/v18i2pp.129-145