Palczewski, Jan; Schenk-Hoppé, Klaus Reiner - In: Journal of Mathematical Economics 46 (2010) 2, pp. 248-266
This paper studies the wealth dynamics of investors holding self-financing portfolios in a continuous-time model of a financial market. Asset prices are endogenously determined by market clearing. We derive results on the asymptotic dynamics of the wealth distribution and asset prices for...