Browsing FGV EPGE - Seminários de Pesquisa Econômica by Title "Portifolio selection with random transaction costs"

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    • Portifolio selection with random transaction costs 

      Nazareth, Marcelo
      2000-05-11
      Transaction costs have a random component in the bid-ask spread. Facing a high bid-ask spread, the consumer has the option to wait for better terms oI' trade, but only by carrying an undesirable portfolio balance. We present ...