IS INDEX CONCENTRATION AN INEVITABLE CONSEQUENCE OF MARKET-CAPITALIZATION WEIGHTING?

Lisa R Goldberg, Ananth Madhavan, Harrison Selwitz and Alexander Shkolnik

Department of Economics, Working Paper Series from Department of Economics, Institute for Business and Economic Research, UC Berkeley

Keywords: Index; concentration; breadth; power law; turnover; reflecting Brownian motion; Banking; Finance and Investment (search for similar items in EconPapers)
Date: 2023-01-01
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