Market selection

DOI10.1016/J.JET.2016.12.002MaRDI QIDQ508397zbMATH OpenOpenAlexFDO

Authors Leonid Kogan, Stephen A. Ross, Jiang Wang, Mark M. Westerfield

Publication date 10 February 2017

Published in Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL https://hdl.handle.net/1721.1/127794

zbMATH Keywords

financial marketsgeneral equilibriumheterogeneous beliefsprice impactsurvival

Mathematics Subject Classification ID

Individual preferences (91B08) Special types of economic markets (including Cournot, Bertrand) (91B54)

Recommendations

• Market selection: hungry misers and bloated bankrupts
• Market power, survival and accuracy of predictions in financial markets
• Belief heterogeneity and survival in incomplete markets
• Market selection in large economies: a matter of luck
• Survival in speculative markets

Cites work

• Consumption dynamics in general equilibrium: a characterisation when markets are incomplete
• Do Markets Favor Agents able to Make Accurate Predictions?
• scientific article; zbMATH DE number 1232374 (Why is no real title available?)
• If You're so Smart, why Aren't You Rich? Belief Selection in Complete and Incomplete Markets
• Intertemporal asset pricing with heterogeneous beliefs
• Market Selection and Welfare in a Multi-asset Economy*
• Natural selection in financial markets: does it work?
• Portfolio choice and pricing in illiquid markets
• Strategic Trading and Welfare in a Dynamic Market
• The dynamics of efficient asset trading with heterogeneous beliefs

Cited in

(20)

• Markets with heterogeneous beliefs: a necessary and sufficient condition for a trader to vanish
• Are biased beliefs fit to survive? An experimental test of the market selection hypothesis
• Market selection: hungry misers and bloated bankrupts
• Market selection with learning and catching up with the Joneses
• Self-enforcement, heterogeneous agents, and long-run survival
• Market selection with an endogenous state
• Survival in speculative markets
• Market selection with idiosyncratic uncertainty
• Procedural rationality, asset heterogeneity and market selection
• Market power, survival and accuracy of predictions in financial markets
• Natural selection in financial markets: does it work?
• Market Design
• Market selection with differential financial constraints
• Market selection in large economies: a matter of luck
• Market selection when markets are incomplete
• Social contagion and the survival of diverse investment styles
• Market selection and learning under model misspecification
• Belief heterogeneity and survival in incomplete markets
• Conservative traders, natural selection and market efficiency
• Markets do not select for a liquidity preference as behavior towards risk

This page was built for publication: Market selection

Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q508397)