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Consumo y decisiones de portafolio en ambientes estocásticos: un marco teórico unificador

  • Francisco Venegas Martínez

    ()

    (Instituto Politécnico Nacional, Escuela Superior de Economía.)

  • Abigail Rodríguez Nava

    ()

    (Universidad Autónoma Metropolitana. Departamento de Producción Económica.)

This paper is aimed to provide a consistent theoretical framework for the decision making process of a consumer-investor in an environment of risk and uncertainty with constant volatility. In this research, the Wiener and Poisson processes play an essential role in modeling market risk and uncertainty in economic policy. In this context different models of partial equilibrium that characterize consumption and proportions of wealth that a rational consumer allocates to the distinct assets available in the financial markets (domestic and foreign) are systematically examined.

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File URL: http://www.economia.uanl.mx/revistaensayos/xxviii/2/Consumo-y-decisiones-de-portafolio.pdf
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Article provided by Universidad Autonoma de Nuevo Leon, Facultad de Economia in its journal Ensayos Revista de Economia.

Volume (Year): XXVIII (2009)
Issue (Month): 2 (November)
Pages: 29-64

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Handle: RePEc:ere:journl:v:xxviii:y:2009:i:2:p:29-64
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  1. Alessandro Penati & George Pennacchi, . "Optimal Portfolio Choice and the Collapse of a Fixed-Exchange Rate Regime," Rodney L. White Center for Financial Research Working Papers 25-86, Wharton School Rodney L. White Center for Financial Research.
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