IDEAS home Printed from
   My bibliography  Save this paper

Pourquoi le rendement moyen des actifs risques est-il trop faible? Le role de la concurrence entre les fonds d'investissement


  • Artus, P.


Nous partons de l'observation que le rensement moyen des actifs risques (par exemple les marches emergents) n'est pas assez eleve par rapport a celui des actifs moins risques. Nous modelisons plusieurs situations de concurrence entre des fonds d'investissement pour l'obtention de la gestion de l'epargne, et exhibons quelques cas vraisemblables ou la demande pour l'actif plus risque est trop elevee a l'equilibre par rapport aux gouts des epargnants finaux.

Suggested Citation

  • Artus, P., 1999. "Pourquoi le rendement moyen des actifs risques est-il trop faible? Le role de la concurrence entre les fonds d'investissement," Papers 1999-05/fi, Caisse des Depots et Consignations - Cahiers de recherche.
  • Handle: RePEc:fth:cadeco:1999-05/fi

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    More about this item



    JEL classification:

    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
    • G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fth:cadeco:1999-05/fi. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Thomas Krichel). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.