Palczewski, Jan; Schenk-Hoppé, Klaus Reiner - In: Journal of Economic Dynamics and Control 34 (2010) 5, pp. 913-931
This paper aims to open a new avenue for research in continuous-time financial market models with endogenous prices and heterogenous investors. To this end we introduce a discrete-time evolutionary stock market model that accommodates time periods of arbitrary length. The dynamics is...