Non-time additive utility optimization-the case of certainty

Article Abstract:

Research describing a solution of the utility maximization problem for a finite time is presented. In particular the case of separable power utilities is investigated.

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Continuous representability of homothetic preferences by means of homogeneous utility functions

Article Abstract:

Research describing the representability of homothetic preferences is presented. In particular a solution of the functional equation of homotheticity is developed.

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Sublinear price functionals under portfolio constraints

Article Abstract:

Research describing a financial market model with sublinear price functionals is presented. In particular a model with convex constraints on portfolios is developed.

Financial markets

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