Essec\Faculty\Model\Contribution {#2233
  #_index: "academ_contributions"
  #_id: "8304"
  #_source: array:26 [
    "id" => "8304"
    "slug" => "8304-optimal-hedging-in-a-dynamic-futures-market-with-a-non-negativity-constraint-on-wealth"
    "yearMonth" => "1995-04"
    "year" => "1995"
    "title" => "Optimal Hedging in a Dynamic Futures Market with a Non-Negativity Constraint on Wealth"
    "description" => "LIOUI, A. et PONCET, P. (1995). <i>Optimal Hedging in a Dynamic Futures Market with a Non-Negativity Constraint on Wealth</i>. ESSEC Business School."
    "authors" => array:2 [
      0 => array:3 [
        "name" => "PONCET Patrice"
        "bid" => "B00000430"
        "slug" => "poncet-patrice"
      ]
      1 => array:1 [
        "name" => "LIOUI A."
      ]
    ]
    "ouvrage" => ""
    "keywords" => []
    "updatedAt" => "2020-12-17 21:00:33"
    "publicationUrl" => null
    "publicationInfo" => array:3 [
      "pages" => null
      "volume" => null
      "number" => null
    ]
    "type" => array:2 [
      "fr" => "Documents de travail"
      "en" => "Working Papers"
    ]
    "support_type" => array:2 [
      "fr" => "Editeur"
      "en" => "Publisher"
    ]
    "countries" => array:2 [
      "fr" => null
      "en" => null
    ]
    "abstract" => array:2 [
      "fr" => "Cet article traite de la couverture optimale, par des futures, d'un investisseur à fonction d'utilité CARA qui ne peut échanger les actifs de son portefeuille initial. Si l'on impose à sa richesse de ne pas pouvoir être négative, cette contrainte joue et les résultats habituels de la littérature ne tiennent plus."
      "en" => "This paper examines the issue of optimal hedging demands for futures from an investor who cannot freely trade his portfolio of primitive assets and has a CARA utility function. The nonnegativity constraint on his wealth is binding so that usual results do not hold."
    ]
    "authors_fields" => array:2 [
      "fr" => "Finance"
      "en" => "Finance"
    ]
    "indexedAt" => "2025-07-20T18:21:43.000Z"
    "docTitle" => "Optimal Hedging in a Dynamic Futures Market with a Non-Negativity Constraint on Wealth"
    "docSurtitle" => "Documents de travail"
    "authorNames" => "<a href="/cv/poncet-patrice">PONCET Patrice</a>, LIOUI A."
    "docDescription" => "<span class="document-property-authors">PONCET Patrice, LIOUI A.</span><br><span class="document-property-authors_fields">Finance</span> | <span class="document-property-year">1995</span>"
    "keywordList" => ""
    "docPreview" => "<b>Optimal Hedging in a Dynamic Futures Market with a Non-Negativity Constraint on Wealth</b><br><span>1995-04 | Documents de travail </span>"
    "docType" => "research"
    "publicationLink" => "<a href="#" target="_blank">Optimal Hedging in a Dynamic Futures Market with a Non-Negativity Constraint on Wealth</a>"
  ]
  +lang: "fr"
  +"_type": "_doc"
  +"_score": 8.7343025
  +"parent": null
}