In this paper, we consider a portfolio optimization problem in a defaultable market. The representative investor dynamically allocates his or her wealth among t

We solve the optimal consumption and investment problem in an incomplete market, where borrowing constraints and insurer default risk are considered jointly. We

We develop a stochastic control model for an investor's optimal investment and consumption over an uncertain planning horizon when the investor is endowed with

The optimal investment-consumption analysis under insurer default risk and inflation risk for retirees who receive defined benefit pension payments is conducted