The main result of this paper characterises the continuity from below of monotone functionals on the space Cbof bounded continuous functions on an arbitrary Polish space as lower semicontinuity in the mixed topology. In this particular situation, the mixed topology coincides with the Mackey...

This paper develops a continuous time risk-sensitive portfolio optimization model with a general transaction cost structure and where the individual securities or asset categories are explicitly affected by underlying economic factors. The security prices and factors follow diffusion processes...