Journal of Financial and Quantitative Analysis Vol. 6 No. 1 1971
A Note on Portfolio Selection and Investors' Wealth
Abstract
Efficiency analysis is concerned with isolating the efficient subset of investments (portfolios) for all investors belonging to a specified group. In order to construct a meaningful efficiency criterion, i.e., one which holds for more than one investor, care must be exercised to ensure that the investors' efficient set is independent of their wealth.
- DOI
- 10.2307/2330132
- Volume
- 6
- Issue
- 1
- Pages
- 639
- Sources
- openalex crossref