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Contribution Details
| Type | Journal Article |
| Scope | Discipline-based scholarship |
| Title | Market selection of financial trading strategies: global stability |
| Organization Unit | |
| Authors |
|
| Item Subtype | Original Work |
| Refereed | Yes |
| Status | Published in final form |
| Language |
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| Journal Title | Mathematical Finance |
| Publisher | Wiley-Blackwell Publishing, Inc. |
| Geographical Reach | international |
| ISSN | 0960-1627 |
| Volume | 12 |
| Number | 4 |
| Page Range | 329 - 339 |
| Date | 2002 |
| Abstract Text | In this paper we analyze the long‐run dynamics of the market selection process among simple trading strategies in an incomplete asset market with endogenous prices. We identify a unique surviving financial trading strategy. Investors following this strategy asymptotically gather total market wealth. This result generalizes findings by Blume and Easlcy (1992) to any complete or incomplete asset market. |
| Free access at | Related URL |
| Related URLs | |
| Digital Object Identifier | 10.1111/j.1467-9965.2002.tb00127.x |
| Other Identification Number | merlin-id:19952 |
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