Permanent URL to this publication: http://dx.doi.org/10.5167/uzh-51984
Evstigneev, Igor V; Hens, Thorsten; Schenk-Hoppé, Klaus Reiner (2001). Market Selection of Financial Trading Strategies: Global Stability. Working paper series / Institute for Empirical Research in Economics No. 83, University of Zurich.
In this paper we analyze the long-run dynamics of the market selec-tion process among simple trading strategies in an incomplete asset market with endogenous prices. We identify a unique surviving finan-cial trading strategy. Investors following this strategy asymptotically gather total market wealth. This result generalizes findings by Blume and Easley (1992) to any complete or incomplete asset market.
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|Item Type:||Working Paper|
|Communities & Collections:||03 Faculty of Economics > Department of Economics
Working Paper Series > Institute for Empirical Research in Economics (former)
|Dewey Decimal Classification:||330 Economics|
|Deposited On:||29 Nov 2011 21:26|
|Last Modified:||09 Jul 2012 05:01|
|Series Name:||Working paper series / Institute for Empirical Research in Economics|
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