English (United Kingdom)

https://curated-unify.zendy.io/wp-json/zendy-region/v1/featured_content/oa?rat=en

https://curated-unify.zendy.io/wp-json/zendy-region/v1/highlighted_journal/

Global: Zendy Plus annual

Presents the access of premium content as premium feature

Premium Content

Presents the keyphrase highlighting as premium feature

Keyphrase Highlighting

Presents the summarisation as premium feature

Summarisation

Insights

Presents the pdf analysis as premium feature

PDF Analysis

Presents the zaia usage as premium feature

ZAIA

Global: Zendy Tools annual

Global: Zendy Free Plan

Global: Zendy Tools monthly

Global: Zendy Plus monthly

This research is aimed at finding closed-form solutions of the utility maximization problem that solves an infinitely-lived rational consumer when the risky asset is driven by a time-inhomogeneous Markov modulated diffusion process. We provide analytical solutions for two specific cases: transition probabilities with tendency and transition probabilities with no tendency and no periodicity. AMS Subject Classification: 35F21, 60J27, 60G50, 60J60

OPTIMAL CONSUMPTION AND PORTFOLIO DECISIONS WHEN THE RISKY ASSET IS DRIVEN BY A TIME-INHOMOGENEOUS MARKOV MODULATED DIFFUSION PROCESS