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Regulating Debit Cards: The Case of Ad Valorem Fees
considerations debit card regulation the ad valorem debit card fees a brief background
2011/9/26
The article discusses considerations regarding debit card regulation and the ad valorem debit card fees in the U.S. It offers a brief background on the debit card industry and associated policy debate...
Transaction fees and optimal rebalancing in the growth-optimal portfolio
growth-optimal portfolio Kelly game transaction fees
2010/10/21
The growth-optimal portfolio optimization strategy pioneered by Kelly is based on constant portfolio rebalancing which makes it sensitive to transaction fees. We examine the effect of fees on an exam...