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Asset Pricing and Optimal Portfolio Choice in the Presence of Illiquid Durable Consumption Goods
4 references·16 citing·50 second hop
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this work references cited by second hop

References

  • 1969Lifetime Portfolio Selection under Uncertainty: The Continuous-Time Case5,199 cited
  • 1981The Adjustment of Consumption to Changing Expectations About Future Income1,326 cited
  • 1986Capital Market Equilibrium with Transaction Costs1,096 cited
  • 1989Empirical Tests of the Consumption‐Oriented CAPM705 cited

Cited by

  • 2017Credit Crises, Precautionary Savings, and the Liquidity Trap*565 cited
  • 2009Migration and hedonic valuation: The case of air quality532 cited
  • 1991An Exact Solution to a Dynamic Portfolio Choice Problem under Transactions Costs401 cited
  • 1991Super contact and related optimality conditions367 cited
  • 2004Asset Prices and Trading Volume under Fixed Transactions Costs346 cited
  • 2010Portfolio Choice Problems325 cited
  • 2001Optimal Portfolio Choice and the Valuation of Illiquid Securities320 cited
  • 1993Asset‐pricing Puzzles and Incomplete Markets314 cited
  • 2007Lazy Investors, Discretionary Consumption, and the Cross‐Section of Stock Returns311 cited
  • 1996Asset Pricing in Economies with Frictions309 cited
  • 2009ACCOUNTING FOR CHANGES IN THE HOMEOWNERSHIP RATE*308 cited

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  • 2004Optimal Consumption and Investment with Transaction Costs and Multiple Risky Assets305 cited
  • 2002Optimal Portfolio Selection with Transaction Costs and Finite Horizons277 cited
  • 1991THE RESURGENCE OF INVENTORY RESEARCH: WHAT HAVE WE LEARNED?260 cited
  • 2001The 6D Bias and the Equity-Premium Puzzle254 cited
  • 2008A Model of Housing in the Presence of Adjustment Costs: A Structural Interpretation of Habit Persistence243 cited