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Optimal Consumption and Investment with Bankruptcy D-79111 Freiburg Neue Märkte - [¿]This book presents papers on continuous time consumption investment models by Suresh Sethi and various co authors. Sir Isaac Newton said that he saw so far because he stood on the shoulders of gi ants. Giants upon whose shoulders Professor Sethi and colleagues stand are Robert Merton, particularly Merton's (1969, 1971, 1973) seminal papers, and Paul Samuelson, particularly Samuelson (1969). Karatzas, Lehoczky, Sethi and Shreve (1986), henceforth KLSS,
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