Portfolio Choice with Transaction Costs: A User's Guide

@article{Guasoni2012PortfolioCW,
  title={Portfolio Choice with Transaction Costs: A User's Guide},
  author={Paolo Guasoni and Johannes Muhle‐Karbe},
  journal={Boston: Finance (Topic)},
  year={2012}
}
Recent progress in portfolio choice has made a wide class of problems involving transaction costs tractable. We review the basic approach to these problems, and outline some directions for future research. 
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