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SUMMARY:The General Structure of Optimal Investment and Consumption with S
 mall Transaction Costs
DTSTART:20150324T121500
DTEND:20150324T131500
DTSTAMP:20260428T050844Z
UID:8c0e973a60f106523870ea7db646d9e95b1b71fdc291be69b0ee477d
CATEGORIES:Conferences - Seminars
DESCRIPTION:Johannes MUHLE-KARBE (ETH Zurich)\nMarket frictions such as tr
 ansaction costs typically make asset pricing models rather intractable. Ye
 t\, asymptotically for small costs\, first-order corrections of optimal po
 licies can be obtained explicitly in surprising generality. In this talk\,
  we discuss these results and extensions to general equilibrium models wit
 h small frictions.
LOCATION:UNIL\, Extranef\, room 126 https://planete.unil.ch/plan/?local=EX
 T-126
STATUS:CONFIRMED
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