Menoncin, Francesco - In: Economia Internazionale / International Economics 56 (2003) 3, pp. 357-381
We take into account: (i) a set of stochastic investment opportunities, (ii) a set of risky assets, (iii) a stochastic riskless interest rate, (iv) stochastic labour incomes, and (v) HARA preferences. Without specifying any particular functional form for drifts and diffusions of all the...