Transaction costs can make it unprofitable to rebalance all the way to the ideal portfolio. A single-period analysis using mean-variance theory provides many interesting insights. With fixed or variable costs, there is a non-trading region within which trading does not pay. With only variable costs, any trading is to the boundary of the non-trading region, while fixed costs induce trading to th...

Within the background of carbon rebalancing, this paper introduces absorption input goods and natural environment rebalancing to study an endogenous growth model driven by green behavior, divides into three different types low-carbon based on their proportion carbon, environmental function, capacity environment, goods, reduction research development, scientific technological progress as special...

Conventional estimates of the size and distribution mortgage interest deduction (MID) in personal income tax fail to account for potentially important responses household behavior, thus overstate increase revenues progressivity associated with eliminating MID. Were MID be eliminated, households would sell financial assets pay down their debt, smaller holdings these taxable offset some revenue g...