Skip to main content
SpringerLink
Log in

Concluding Remarks

  • Chapter
  • First Online:
Book cover Sustainable Asset Accumulation and Dynamic Portfolio Decisions

Part of the book series: Dynamic Modeling and Econometrics in Economics and Finance ((DMEF,volume 18))

  • 751 Accesses

Abstract

In this book we have combined theoretical and empirical work to study the issue of sustainable asset accumulation and dynamic portfolio decisions. We mostly considered asset income but frequently included labor income in portfolio modeling in order to explore important issues regarding pension and retirement funds as well as wealth disparities.

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Log in via an institution
Chapter
USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD 84.99
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD 109.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book
USD 109.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

Notes

  1. 1.

    See Grüne and Semmler (2008), and Zhang and Semmler (2009).

  2. 2.

    In this work the nonlinear model predictive control (NMPC) technique is used.

Bibliography

  • Campbell, J. Y., & Viceira, L. M. (2002). Strategic asset allocation: Portfolio choice for long-term investors. Clarendon lectures in economics. Oxford University Press.

    Book  Google Scholar 

  • Chappe, R., & Semmler, W. (2016). Disparity in wealth accumulation – a financial market approach. SSRN: http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2727819.

    Google Scholar 

  • Grüne, L., & Semmler, W. (2008). Asset pricing with loss aversion. Journal of Economic Dynamics and Control, 32(10), 3253–3274.

    Article  Google Scholar 

  • Grüne, L., Semmler, W., & Stieler, M. (2015). Using NMPC for solving dynamic decision problems in economics. Journal of Economic Dynamics and Control, 60, 112–133.

    Article  Google Scholar 

  • Zhang, W., & Semmler, W. (2009). Prospect theory for the stock markets: empirical evidence with time-series data. Journal of Economic Behavior and Organization, 72, 835–849.

    Article  Google Scholar 

Download references

Author information

Authors and Affiliations

  1. School of Finance and Economics, University of Technology, Sydney, New South Wales, Australia

    Carl Chiarella & Chih-Ying Hsiao

  2. Department of Economics, New School for Social Research, New York, NY, USA

    Willi Semmler (Henry Arnhold Professor of Economics) & Lebogang Mateane

  3. Bielefeld University, Bielefeld, Germany

    Willi Semmler (Henry Arnhold Professor of Economics)

Authors
  1. Carl Chiarella
    View author publications

    You can also search for this author in PubMed Google Scholar

  2. Willi Semmler
    View author publications

    You can also search for this author in PubMed Google Scholar

  3. Chih-Ying Hsiao
    View author publications

    You can also search for this author in PubMed Google Scholar

  4. Lebogang Mateane
    View author publications

    You can also search for this author in PubMed Google Scholar

Rights and permissions

Reprints and permissions

Copyright information

© 2016 Springer-Verlag Berlin Heidelberg

About this chapter

Cite this chapter

Chiarella, C., Semmler, W., Hsiao, CY., Mateane, L. (2016). Concluding Remarks. In: Sustainable Asset Accumulation and Dynamic Portfolio Decisions. Dynamic Modeling and Econometrics in Economics and Finance, vol 18. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-662-49229-1_9

Download citation

  • DOI: https://doi.org/10.1007/978-3-662-49229-1_9

  • Published:

  • Publisher Name: Springer, Berlin, Heidelberg

  • Print ISBN: 978-3-662-49228-4

  • Online ISBN: 978-3-662-49229-1

  • eBook Packages: Economics and FinanceEconomics and Finance (R0)

Publish with us

Policies and ethics

Search

Navigation