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| Type | Working Paper |
| Scope | Discipline-based scholarship |
| Title | Market Selection of Financial Trading Strategies: Global Stability |
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| Institution | University of Zurich |
| Series Name | Working paper series / Institute for Empirical Research in Economics |
| Number | No. 83 |
| ISSN | 1424-0459 |
| Date | 2001 |
| 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 Easley (1992) to any complete or incomplete asset market. |
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