Market Selection and Welfare in a Multi-asset Economy*

DOI10.1093/ROF/RFS009zbMath1417.91448OpenAlexW2020020273MaRDI QIDQ4554080

Johan Walden, Yurii Fedyk, Christian Heyerdahl-Larsen

Publication date: 7 November 2018

Published in: Review of Finance (Search for Journal in Brave)

Full work available at URL: https://semanticscholar.org/paper/88a8540be6b1de1a016467ef5bd870124947ac5d

zbMATH Keywords

welfare costirrational investormulti-asset economy

Mathematics Subject Classification ID

Portfolio theory (91G10) Welfare economics (91B15)

Related Items (7)

Consumption-based CAPM with belief heterogeneity ⋮ Cross-sectional asset pricing with heterogeneous preferences and beliefs ⋮ Market selection with learning and catching up with the Joneses ⋮ Wealth share analysis with ``fundamentalist/chartist heterogeneous agents ⋮ Market selection ⋮ Self-enforcement, heterogeneous agents, and long-run survival ⋮ Long-run heterogeneity in an exchange economy with fixed-mix traders

This page was built for publication: Market Selection and Welfare in a Multi-asset Economy*