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PROFIT-SHARING IN TRANSACTIONS GOVERNED BY A SUBADDITIVE CAPITALIZATION FUNCTION
https://doi.org/10.1142/S0219024905002913Cited by:0 (Source: Crossref)
Abstract
This paper proposes that there exist situations when two or more investors who want to invest equal amounts in different, but successive periods, would be better off to "collude" and invest for the whole period to take advantage of an upward slopping yield curve. The goal of this paper is to propose a "rational" way to distribute the additional return resulting from the collusion strategy.
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