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A set optimization approach to utility maximization under transaction costs
Journal article   Peer reviewed

A set optimization approach to utility maximization under transaction costs

Andreas Heinrich Hamel and Sophie Q Wang
Decisions in Economics and Finance, Vol.40(1-2), pp.257-275
40
2017
Handle:
https://hdl.handle.net/10863/4750

Abstract

A set optimization approach to multi-utility maximization is presented, and duality results are obtained for discrete market models with proportional transaction costs. The novel approach allows us to obtain results for non-complete preferences, where the formulas derived closely resemble but generalize the scalar case. © 2017, Springer-Verlag Italia S.r.l.
url
https://link.springer.com/article/10.1007/s10203-017-0195-7View

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