On the Portfolio Effects of Nonmarketable Assets: Government Transfers and Human Capital Payments
C. Harvey Rorke
Journal of Financial and Quantitative Analysis, 1979, vol. 14, issue 2, 167-177
Abstract:
The purposes of this article are two. Some extensions to Mayers’ [1] classical work on portfolio building in the presence of nonmarketable assets are presented. In addition the implications of certain simple forms of taxation and redistribution are investigated.
Date: 1979
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