Optimal investment with taxes: an existence result
نویسندگان
چکیده
منابع مشابه
Optimal Investment with Taxes : an Existence Result
We study the deterministic control problem of maximizing utility from consumption of an agent who seeks to optimally allocate his wealth between consumption and investment in a nancial asset subject to taxes on bene ts with rst-inrst-out priority rule on sales. Short sales are prohibitted and consumption is restricted to be nonnegative. Such a problem has been introduced in a previous paper by ...
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ژورنال
عنوان ژورنال: Journal of Mathematical Economics
سال: 2000
ISSN: 0304-4068
DOI: 10.1016/s0304-4068(99)00034-8