A note on optimal liquidation with linear price impact

In this note the maximization of the expected terminal wealth for the setup of quadratic transaction costs is considered. First, a very simple probabilistic solution to the problem is provided. Although the problem was largely studied, as far as authors know up to date this simple and probabilistic...

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Bibliographic Details
Main Authors: Yan Dolinsky, Doron Greenstein
Format: Article
Language:English
Published: VTeX 2024-08-01
Series:Modern Stochastics: Theory and Applications
Subjects:
Online Access:https://www.vmsta.org/doi/10.15559/24-VMSTA264
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