Evstigneev, Igor V.; Hens, Thorsten; Schenk-Hoppé, … - In: Journal of Economic Theory 140 (2008) 1, pp. 197-228
The paper examines a dynamic model of a financial market with endogenous asset prices determined by short-run equilibrium of supply and demand. Assets pay dividends that are partially consumed and partially reinvested. The traders use fixed-mix investment strategies (portfolio rules),...