We continue the analysis of optimal execution strategies in the model for a limit order book with nonlinear price impact and exponential resilience that was considered in Alfonsi, Schied, and Fruth (2009). We now allow for non-homogeneous resilience rates and arbitrary trading dates and consider...

There are many anecdotes of people who quit their job after having their stock market wealth increase dramatically. This article assesses whether these anecdotes represent isolated incidents or whether the stock market has significantly affected U.S. labor supply