Opportunity Cost of Constrained Portfolio Strategies: Theory, Method, Evidence

0 avg rating
( 0 ratings by Goodreads )
 
9783639073195: Opportunity Cost of Constrained Portfolio Strategies: Theory, Method, Evidence

Financial investors frequently confront factors suchas financial regulations that prevent them fromattaining a first-best solution to the optimal assetallocation problem. For example, they may be requiredto implement a mean-variance efficient portfolio, orthey may be constrained to invest in anon-well-diversified choice of assets, such asholding stocks only or bonds only, or they may beconstrained from short-selling. Such constraintsimply the imposition of a welfare loss on theinvestor. That a welfare loss is inevitable is wellknown, but the portfolio choice literature thus farhas offered little guidance on how to measure theloss, and how various factors will influence theamount of the loss. This volume tackles the welfareloss problem in a comprehensive and rigorous manner.Using a combination of mathematical analysis andcomputer simulation, deep insight is achieved into avariety of constrained portfolio choice problems. Thebook will be found highly illuminating to portfoliochoice theorists as well as to students andpractitioners of investment analysis.

"synopsis" may belong to another edition of this title.

About the Author:

Alice A. Melkumian, Ph.D. in Economics (2003,West VirginiaUniversity) joined Western Illinois University in 2003 as anAssistant Professor of Economics. Dr. Melkumian is specializingin financial economics, monetary economics, and macroeconomics.Her current work examines the cost of various sub-optimalportfolio strategies.

"About this title" may belong to another edition of this title.

Buy New View Book
List Price: US$ 93.00
US$ 60.70

Convert Currency

Shipping: US$ 5.10
From United Kingdom to U.S.A.

Destination, Rates & Speeds

Add to Basket

Top Search Results from the AbeBooks Marketplace

1.

Melkumian, Alice A.
Published by VDM Verlag Dr. Mueller e.K. (2016)
ISBN 10: 3639073193 ISBN 13: 9783639073195
New Paperback Quantity Available: 1
Print on Demand
Seller:
Ria Christie Collections
(Uxbridge, United Kingdom)
Rating
[?]

Book Description VDM Verlag Dr. Mueller e.K., 2016. Paperback. Book Condition: New. PRINT ON DEMAND Book; New; Publication Year 2016; Not Signed; Fast Shipping from the UK. No. book. Bookseller Inventory # ria9783639073195_lsuk

More Information About This Seller | Ask Bookseller a Question

Buy New
US$ 60.70
Convert Currency

Add to Basket

Shipping: US$ 5.10
From United Kingdom to U.S.A.
Destination, Rates & Speeds

2.

Alice A Melkumian
Published by VDM Verlag Dr. Mueller E.K. (2008)
ISBN 10: 3639073193 ISBN 13: 9783639073195
New Quantity Available: > 20
Print on Demand
Seller:
Pbshop
(Wood Dale, IL, U.S.A.)
Rating
[?]

Book Description VDM Verlag Dr. Mueller E.K., 2008. PAP. Book Condition: New. New Book. Shipped from US within 10 to 14 business days. THIS BOOK IS PRINTED ON DEMAND. Established seller since 2000. Bookseller Inventory # IQ-9783639073195

More Information About This Seller | Ask Bookseller a Question

Buy New
US$ 79.52
Convert Currency

Add to Basket

Shipping: US$ 3.99
Within U.S.A.
Destination, Rates & Speeds

3.

Melkumian, Alice A.
ISBN 10: 3639073193 ISBN 13: 9783639073195
New Quantity Available: 1
Seller:
Rating
[?]

Book Description Book Condition: New. Publisher/Verlag: VDM Verlag Dr. Müller | Theory, Method, Evidence | Financial investors frequently confront factors suchas financial regulations that prevent them fromattaining a first-best solution to the optimal assetallocation problem. For example, they may be requiredto implement a mean-variance efficient portfolio, orthey may be constrained to invest in anon-well-diversified choice of assets, such asholding stocks only or bonds only, or they may beconstrained from short-selling. Such constraintsimply the imposition of a welfare loss on theinvestor. That a welfare loss is inevitable is wellknown, but the portfolio choice literature thus farhas offered little guidance on how to measure theloss, and how various factors will influence theamount of the loss. This volume tackles the welfareloss problem in a comprehensive and rigorous manner.Using a combination of mathematical analysis andcomputer simulation, deep insight is achieved into avariety of constrained portfolio choice problems. Thebook will be found highly illuminating to portfoliochoice theorists as well as to students andpractitioners of investment analysis. | Format: Paperback | Language/Sprache: english | 254 gr | 221x150x12 mm | 184 pp. Bookseller Inventory # K9783639073195

More Information About This Seller | Ask Bookseller a Question

Buy New
US$ 81.76
Convert Currency

Add to Basket

Shipping: US$ 3.51
From Germany to U.S.A.
Destination, Rates & Speeds

4.

Alice A Melkumian
Published by VDM Verlag (2008)
ISBN 10: 3639073193 ISBN 13: 9783639073195
New Quantity Available: > 20
Print on Demand
Seller:
Books2Anywhere
(Fairford, GLOS, United Kingdom)
Rating
[?]

Book Description VDM Verlag, 2008. PAP. Book Condition: New. New Book. Delivered from our UK warehouse in 3 to 5 business days. THIS BOOK IS PRINTED ON DEMAND. Established seller since 2000. Bookseller Inventory # LQ-9783639073195

More Information About This Seller | Ask Bookseller a Question

Buy New
US$ 76.07
Convert Currency

Add to Basket

Shipping: US$ 11.88
From United Kingdom to U.S.A.
Destination, Rates & Speeds

5.

Alice A Melkumian
Published by VDM Verlag Dr. Mueller e.K., Germany (2013)
ISBN 10: 3639073193 ISBN 13: 9783639073195
New Paperback Quantity Available: > 20
Print on Demand
Seller:
The Book Depository EURO
(London, United Kingdom)
Rating
[?]

Book Description VDM Verlag Dr. Mueller e.K., Germany, 2013. Paperback. Book Condition: New. Language: English . Brand New Book ***** Print on Demand *****.Financial investors frequently confront factors such as financial regulations that prevent them from attaining a first-best solution to the optimal asset allocation problem. For example, they may be required to implement a mean-variance efficient portfolio, or they may be constrained to invest in a non-well-diversified choice of assets, such as holding stocks only or bonds only, or they may be constrained from short-selling. Such constraints imply the imposition of a welfare loss on the investor. That a welfare loss is inevitable is well known, but the portfolio choice literature thus far has offered little guidance on how to measure the loss, and how various factors will influence the amount of the loss. This volume tackles the welfare loss problem in a comprehensive and rigorous manner. Using a combination of mathematical analysis and computer simulation, deep insight is achieved into a variety of constrained portfolio choice problems. The book will be found highly illuminating to portfolio choice theorists as well as to students and practitioners of investment analysis. Bookseller Inventory # AAV9783639073195

More Information About This Seller | Ask Bookseller a Question

Buy New
US$ 97.44
Convert Currency

Add to Basket

Shipping: US$ 3.96
From United Kingdom to U.S.A.
Destination, Rates & Speeds

6.

Alice A. Melkumian
Published by VDM Verlag Dr. Müller E.K. Okt 2013 (2013)
ISBN 10: 3639073193 ISBN 13: 9783639073195
New Taschenbuch Quantity Available: 2
Seller:
Rheinberg-Buch
(Bergisch Gladbach, Germany)
Rating
[?]

Book Description VDM Verlag Dr. Müller E.K. Okt 2013, 2013. Taschenbuch. Book Condition: Neu. Neuware - Financial investors frequently confront factors such as financial regulations that prevent them from attaining a first-best solution to the optimal asset allocation problem. For example, they may be required to implement a mean-variance efficient portfolio, or they may be constrained to invest in a non-well-diversified choice of assets, such as holding stocks only or bonds only, or they may be constrained from short-selling. Such constraints imply the imposition of a welfare loss on the investor. That a welfare loss is inevitable is well known, but the portfolio choice literature thus far has offered little guidance on how to measure the loss, and how various factors will influence the amount of the loss. This volume tackles the welfare loss problem in a comprehensive and rigorous manner. Using a combination of mathematical analysis and computer simulation, deep insight is achieved into a variety of constrained portfolio choice problems. The book will be found highly illuminating to portfolio choice theorists as well as to students and practitioners of investment analysis. 184 pp. Englisch. Bookseller Inventory # 9783639073195

More Information About This Seller | Ask Bookseller a Question

Buy New
US$ 82.32
Convert Currency

Add to Basket

Shipping: US$ 20.15
From Germany to U.S.A.
Destination, Rates & Speeds

7.

Alice A. Melkumian
Published by VDM Verlag Dr. Müller E.K. Okt 2013 (2013)
ISBN 10: 3639073193 ISBN 13: 9783639073195
New Taschenbuch Quantity Available: 2
Seller:
Agrios-Buch
(Bergisch Gladbach, Germany)
Rating
[?]

Book Description VDM Verlag Dr. Müller E.K. Okt 2013, 2013. Taschenbuch. Book Condition: Neu. Neuware - Financial investors frequently confront factors such as financial regulations that prevent them from attaining a first-best solution to the optimal asset allocation problem. For example, they may be required to implement a mean-variance efficient portfolio, or they may be constrained to invest in a non-well-diversified choice of assets, such as holding stocks only or bonds only, or they may be constrained from short-selling. Such constraints imply the imposition of a welfare loss on the investor. That a welfare loss is inevitable is well known, but the portfolio choice literature thus far has offered little guidance on how to measure the loss, and how various factors will influence the amount of the loss. This volume tackles the welfare loss problem in a comprehensive and rigorous manner. Using a combination of mathematical analysis and computer simulation, deep insight is achieved into a variety of constrained portfolio choice problems. The book will be found highly illuminating to portfolio choice theorists as well as to students and practitioners of investment analysis. 184 pp. Englisch. Bookseller Inventory # 9783639073195

More Information About This Seller | Ask Bookseller a Question

Buy New
US$ 82.32
Convert Currency

Add to Basket

Shipping: US$ 20.15
From Germany to U.S.A.
Destination, Rates & Speeds

8.

Alice A. Melkumian
Published by VDM Verlag Dr. Müller E.K. Okt 2013 (2013)
ISBN 10: 3639073193 ISBN 13: 9783639073195
New Taschenbuch Quantity Available: 1
Print on Demand
Seller:
AHA-BUCH GmbH
(Einbeck, Germany)
Rating
[?]

Book Description VDM Verlag Dr. Müller E.K. Okt 2013, 2013. Taschenbuch. Book Condition: Neu. This item is printed on demand - Print on Demand Neuware - Financial investors frequently confront factors such 184 pp. Englisch. Bookseller Inventory # 9783639073195

More Information About This Seller | Ask Bookseller a Question

Buy New
US$ 82.32
Convert Currency

Add to Basket

Shipping: US$ 34.70
From Germany to U.S.A.
Destination, Rates & Speeds

9.

Alice A. Melkumian
Published by VDM Verlag
ISBN 10: 3639073193 ISBN 13: 9783639073195
New Paperback Quantity Available: > 20
Seller:
BuySomeBooks
(Las Vegas, NV, U.S.A.)
Rating
[?]

Book Description VDM Verlag. Paperback. Book Condition: New. Paperback. 184 pages. Dimensions: 8.7in. x 5.9in. x 0.4in.Financial investors frequently confront factors suchas financial regulations that prevent them fromattaining a first-best solution to the optimal assetallocation problem. For example, they may be requiredto implement a mean-variance efficient portfolio, orthey may be constrained to invest in anon-well-diversified choice of assets, such asholding stocks only or bonds only, or they may beconstrained from short-selling. Such constraintsimply the imposition of a welfare loss on theinvestor. That a welfare loss is inevitable is wellknown, but the portfolio choice literature thus farhas offered little guidance on how to measure theloss, and how various factors will influence theamount of the loss. This volume tackles the welfareloss problem in a comprehensive and rigorous manner. Using a combination of mathematical analysis andcomputer simulation, deep insight is achieved into avariety of constrained portfolio choice problems. Thebook will be found highly illuminating to portfoliochoice theorists as well as to students andpractitioners of investment analysis. This item ships from multiple locations. Your book may arrive from Roseburg,OR, La Vergne,TN. Paperback. Bookseller Inventory # 9783639073195

More Information About This Seller | Ask Bookseller a Question

Buy New
US$ 118.96
Convert Currency

Add to Basket

Shipping: FREE
Within U.S.A.
Destination, Rates & Speeds