Noe, Thomas and Ramamurtie, Buddhavarapu Sailesh (1992) A note on diversification in parametric rational expectations economies. Economics Letters, 39 (4). pp. 425-429.
It is shown that, in large parametric rational expectations models, even when investors receive private signals about different subsets of assets, all investors hold diversified portfolios.
|Keywords:||investments; asset markets; portfolio management|
|Centre:||Faculty of Finance|
|Date Deposited:||17 Nov 2011 13:00|
|Last Modified:||23 Oct 2015 14:06|
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