We study utility maximization for power utility random fields with and without intermediate consumption in a general semimartingale model with closed portfolio constraints. We show that any optimal ...

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated. FLORENCE, Ala. – When we hear the word’s ...

Sean Ross is a strategic adviser at 1031x.com, Investopedia contributor, and the founder and manager of Free Lances Ltd. Somer G. Anderson is CPA, doctor of accounting, and an accounting and finance ...

This is a preview. Log in through your library . Abstract We study the exponential utility indifference valuation of a contingent claim B in an incomplete market driven by two Brownian motions. The ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. In economics, demand is the consumer's ...