1999•Unpublished venueRequires access
Multiperiod portfolio policy under transaction costs
Yang De-qua
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Abstract
The multiperiod portfolio policy would be of great difference if transaction cocts are taken into account or not, the multiperiod portfolio poicy under transaction costs are of both theoretical significance and practial value.The process of portfolio revision under transaction costs is put forward. For investors who follow return increasing principle in their portfolio revision, the no transaction region is derived.