A limit theorem for financial markets with inert investors

Keyphrases

• Stochastic Integral 50%
• Market Microstructure 50%
• Stock Price Fluctuation 50%
• Functional Central Limit Theorem 50%
• Arbitrage Opportunity 50%
• Price Process 50%
• Continuous Semimartingales 50%
• Smallholders 50%
• Log Price 50%
• Return Distribution 50%

Mathematics

• Semi-Markov Process 100%
• Arbitrage Opportunity 50%
• Price Process 50%
• Range Dependence 50%
• Mathematical Contribution 50%
• Return Distribution 50%