Asset management with endogenous withdrawals under a drawdown constraint
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DOI: 10.1080/14697688.2018.1469785
Abstract: Asset preservation is a major concern for foundations that are hostile to large wealth downfalls. Implications for optimal consumption and investment policies are explored in a dynamic setting where wealth is restrained from falling below… read more here.
Keywords: asset management; asset; management endogenous; wealth ... See more keywords