We consider a utility-maximization problem in a general semimartingale financial model, subject to constraints on the number of shares held in each risky asset. These constraints are modeled by ...

Some of the most fundamental assumptions of economics are utility maximization and weak separability of the arguments in the representative consumer's utility function. This paper contains results ...

Several weeks ago, an article ran in Inside Higher Ed about the interest of many graduate students in jobs that don’t include a lot of pressure to publish. Instead many were interested in jobs that ...

PDI is a closed-end fund investing in a diversified basket of fixed income instruments with the management having over 80 years of investment experience. The fund pays a solid 13.5% yield which ...