The impact of a partial borrowing limit on financial decisions
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DOI: 10.1080/14697688.2018.1526395
Abstract: We consider a consumption, investment, life insurance, and retirement decision problem in which an economic agent is allowed to borrow against only a part of future income. The closed-form solution is attained by applying a… read more here.
Keywords: impact partial; limit; limit financial; borrowing limit ... See more keywords