Climbing the income ladder: Search and investment in a regime-switching affine income model

Keyphrases

• Affine 100%
• Agent Decision 50%
• Exponential Utility 50%
• Financial Markets 50%
• Hedging 50%
• Income Model 100%
• Income Processes 100%
• Income Risk 50%
• Investment Risk 50%
• Jump Diffusion 50%
• Market Offer 50%
• Mean Reversion 50%
• Numerical Examples 50%
• Optimal Policy 50%
• Regime Switching 100%
• Risk Aversion 50%
• Risk Impact 50%
• Risky Assets 50%
• Search Effort 100%
• Search Frictions 50%
• Sequential Search 50%
• Transition Rates 50%

Economics, Econometrics and Finance

• Financial Market 50%
• Hedging 50%
• Mean Reversion 50%
• Regime Switching 100%
• Search Theory 50%