Details about Igor V. Evstigneev

This author is deceased (2025-11-17).

Access statistics for papers by Igor V. Evstigneev.

Last updated 2025-12-10. Update your information in the RePEc Author Service.

Short-id: pev36

Jump to Journal Articles Books Chapters

Working Papers

2025

Contest vs. Competition in Cournot Duopoly: Schaffer's Paradox
Papers, arXiv.org

2023

Behavioral Finance through the Lens of Evolution: "Survival of the Fittest" for Portfolio Rules
Swiss Finance Institute Research Paper Series, Swiss Finance Institute
Evolutionary finance: A model with endogenous asset payoffs
Swiss Finance Institute Research Paper Series, Swiss Finance Institute View citations (1)
See also Journal Article Evolutionary finance: a model with endogenous asset payoffs, Journal of Bioeconomics, Springer (2023) View citations (2) (2023)
Unbeatable Strategies
Economics Discussion Paper Series, Economics, The University of Manchester
See also Journal Article Unbeatable strategies, Economic Theory, Springer (2024) View citations (2) (2024)

2022

An evolutionary finance model with short selling and endogenous asset supply
Post-Print, HAL View citations (2)
Also in Swiss Finance Institute Research Paper Series, Swiss Finance Institute (2017) View citations (2)
See also Journal Article An evolutionary finance model with short selling and endogenous asset supply, Economic Theory, Springer (2022) View citations (2) (2022)
Evolutionary Behavioural Finance: A Model with Endogenous Asset Payoffs
Economics Discussion Paper Series, Economics, The University of Manchester

2021

Evolution in pecunia
Post-Print, HAL
Also in Swiss Finance Institute Research Paper Series, Swiss Finance Institute (2020) View citations (2)
See also Journal Article Evolution in pecunia, Proceedings of the National Academy of Sciences, Proceedings of the National Academy of Sciences (2021) View citations (2) (2021)

2020

Behavioral Equilibrium and Evolutionary Dynamics in Asset Markets
Swiss Finance Institute Research Paper Series, Swiss Finance Institute View citations (8)
See also Journal Article Behavioral equilibrium and evolutionary dynamics in asset markets, Journal of Mathematical Economics, Elsevier (2020) View citations (7) (2020)

2019

Log-Optimal and Rapid Paths in von Neumann-Gale Dynamical Systems
Economics Discussion Paper Series, Economics, The University of Manchester
Oligopoly with Network Effects: Firm-Specific versus Single Network
Economics Discussion Paper Series, Economics, The University of Manchester View citations (2)
See also Journal Article Oligopoly with network effects: firm-specific versus single network, Economic Theory, Springer (2021) View citations (10) (2021)

2018

Von Neumann-Gale Dynamics and Capital Growth in Financial Markets with Frictions
Economics Discussion Paper Series, Economics, The University of Manchester View citations (2)
Von Neumann-Gale Dynamics, Market Frictions, and Capital Growth
Economics Discussion Paper Series, Economics, The University of Manchester

2017

A New Look at the Classical Bertrand Duopoly
Economics Discussion Paper Series, Economics, The University of Manchester
See also Journal Article A new look at the classical Bertrand duopoly, Games and Economic Behavior, Elsevier (2018) View citations (3) (2018)
An Evolutionary Finance Model with a Risk-Free Asset
Swiss Finance Institute Research Paper Series, Swiss Finance Institute View citations (4)
See also Journal Article An evolutionary finance model with a risk-free asset, Annals of Finance, Springer (2020) View citations (3) (2020)
Correlated Equilibrium in a Nutshell
Economics Discussion Paper Series, Economics, The University of Manchester
See also Journal Article Correlated equilibrium in a nutshell, Theory and Decision, Springer (2017) (2017)
Nash Equilibrium Strategies and Survival Portfolio Rules in Evolutionary Models of Asset Markets
Swiss Finance Institute Research Paper Series, Swiss Finance Institute

2015

Evolutionary Behavioural Finance
Swiss Finance Institute Research Paper Series, Swiss Finance Institute View citations (1)

2009

Evolutionary Finance and Dynamic Games
Swiss Finance Institute Research Paper Series, Swiss Finance Institute View citations (6)
Growing wealth with fixed-mix strategies
Swiss Finance Institute Research Paper Series, Swiss Finance Institute View citations (1)
See also Chapter Growing Wealth with Fixed-Mix Strategies, World Scientific Book Chapters, World Scientific Publishing Co. Pte. Ltd. (2011) View citations (5) (2011)
Growth-optimal investments and numeraire portfolios under transaction costs: An analysis based on the von Neumann-Gale model
Papers, arXiv.org
Survival and Evolutionary Stability of the Kelly Rule
Swiss Finance Institute Research Paper Series, Swiss Finance Institute View citations (5)
See also Chapter Survival and Evolutionary Stability of the Kelly Rule, World Scientific Book Chapters, World Scientific Publishing Co. Pte. Ltd. (2011) View citations (2) (2011)

2008

Asset Market Games of Survival
Swiss Finance Institute Research Paper Series, Swiss Finance Institute View citations (2)
Capital growth under transaction costs: An analysis based on the von Neumann-Gale model
Swiss Finance Institute Research Paper Series, Swiss Finance Institute
Evolutionary Finance
Swiss Finance Institute Research Paper Series, Swiss Finance Institute View citations (12)
Strategies of Survival in Dynamic Asset Market Games
Swiss Finance Institute Research Paper Series, Swiss Finance Institute View citations (2)

2007

Arbitrage in Stationary Markets
Swiss Finance Institute Research Paper Series, Swiss Finance Institute
Also in Economics Discussion Paper Series, Economics, The University of Manchester (2006) View citations (1)
See also Journal Article Arbitrage in stationary markets, Decisions in Economics and Finance, Springer (2009) View citations (1) (2009)
Capital growth theory and von Neumann-Gale dynamics
Economics Discussion Paper Series, Economics, The University of Manchester
Rapid paths in von Neumann-Gale dynamical systems
Economics Discussion Paper Series, Economics, The University of Manchester View citations (2)

2006

Dynamic interaction models of economic equilibrium
Economics Discussion Paper Series, Economics, The University of Manchester
See also Journal Article Dynamic interaction models of economic equilibrium, Journal of Economic Dynamics and Control, Elsevier (2009) View citations (1) (2009)
Stochastic equilibria in von Neumann–Gale dynamical systems
Economics Discussion Paper Series, Economics, The University of Manchester View citations (1)
VPure and Randomized Equilibria in the Stochastic von Neumann-Gale model
Economics Discussion Paper Series, Economics, The University of Manchester
See also Journal Article Pure and randomized equilibria in the stochastic von Neumann-Gale model, Journal of Mathematical Economics, Elsevier (2007) View citations (5) (2007)
Volatility-Induced Financial Growth
Economics Discussion Paper Series, Economics, The University of Manchester View citations (2)
See also Journal Article Volatility-induced financial growth, Quantitative Finance, Taylor & Francis Journals (2007) View citations (12) (2007)

2005

Globally Evolutionarily Stable Portfolio Rules
Discussion Papers, Norwegian School of Economics, Department of Business and Management Science
See also Journal Article Globally evolutionarily stable portfolio rules, Journal of Economic Theory, Elsevier (2008) View citations (32) (2008)
Random Field Models of Microeconomic Dynamics
Economics Discussion Paper Series, Economics, The University of Manchester

2000

Convex Stochastic Duality and the "Biting Lemma"
Norway; Department of Economics, University of Bergen, Department of Economics, University of Bergen
Noncooperative R&D and Optimal R&D Cartels
CIE Discussion Papers, University of Copenhagen. Department of Economics. Centre for Industrial Economics View citations (1)
Sharing Nonconvex Costs
Norway; Department of Economics, University of Bergen, Department of Economics, University of Bergen View citations (14)
Stochastic Programming: Non-Anticipativity and Lagrange Multipliers
Norway; Department of Economics, University of Bergen, Department of Economics, University of Bergen View citations (5)

1997

The Turnpike Property and the Central Limit Theorem in Stochastic Models of Economic Dynamics
Norway; Department of Economics, University of Bergen, Department of Economics, University of Bergen View citations (7)

1996

Metonymy and Cross Section Demand
LIDAM Discussion Papers CORE, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE)
See also Journal Article Metonymy and cross-section demand, Journal of Mathematical Economics, Elsevier (1997) View citations (2) (1997)

Undated

From Rags to Riches: On Constant Proportions Investment Strategies
IEW - Working Papers, Institute for Empirical Research in Economics - University of Zurich View citations (13)
See also Journal Article FROM RAGS TO RICHES: ON CONSTANT PROPORTIONS INVESTMENT STRATEGIES, International Journal of Theoretical and Applied Finance (IJTAF), World Scientific Publishing Co. Pte. Ltd. (2002) View citations (1) (2002)
Market Selection of Financial Trading Strategies: Global Stability
IEW - Working Papers, Institute for Empirical Research in Economics - University of Zurich View citations (46)
See also Journal Article MARKET SELECTION OF FINANCIAL TRADING STRATEGIES: GLOBAL STABILITY, Mathematical Finance, Wiley Blackwell (2002) View citations (47) (2002)

Journal Articles

2024

Unbeatable strategies
Economic Theory, 2024, 77, (4), 891-920 View citations (2)
See also Working Paper Unbeatable Strategies, Economics Discussion Paper Series (2023) (2023)

2023

Evolutionary finance: a model with endogenous asset payoffs
Journal of Bioeconomics, 2023, 25, (2), 117-143 View citations (2)
See also Working Paper Evolutionary finance: A model with endogenous asset payoffs, Swiss Finance Institute Research Paper Series (2023) View citations (1) (2023)

2022

An evolutionary finance model with short selling and endogenous asset supply
Economic Theory, 2022, 73, (2), 655-677 View citations (2)
See also Working Paper An evolutionary finance model with short selling and endogenous asset supply, Post-Print (2022) View citations (2) (2022)

2021

Evolution in pecunia
Proceedings of the National Academy of Sciences, 2021, 118, (26), e2016514118 View citations (2)
See also Working Paper Evolution in pecunia, Post-Print (2021) (2021)
Oligopoly with network effects: firm-specific versus single network
Economic Theory, 2021, 71, (3), 1203-1230 View citations (10)
See also Working Paper Oligopoly with Network Effects: Firm-Specific versus Single Network, Economics Discussion Paper Series (2019) View citations (2) (2019)

2020

An evolutionary finance model with a risk-free asset
Annals of Finance, 2020, 16, (4), 593-607 View citations (3)
See also Working Paper An Evolutionary Finance Model with a Risk-Free Asset, Swiss Finance Institute Research Paper Series (2017) View citations (4) (2017)
Behavioral equilibrium and evolutionary dynamics in asset markets
Journal of Mathematical Economics, 2020, 91, (C), 121-135 View citations (7)
See also Working Paper Behavioral Equilibrium and Evolutionary Dynamics in Asset Markets, Swiss Finance Institute Research Paper Series (2020) View citations (8) (2020)

2018

A new look at the classical Bertrand duopoly
Games and Economic Behavior, 2018, 109, (C), 99-103 View citations (3)
See also Working Paper A New Look at the Classical Bertrand Duopoly, Economics Discussion Paper Series (2017) (2017)

2017

Correlated equilibrium in a nutshell
Theory and Decision, 2017, 83, (4), 457-468
See also Working Paper Correlated Equilibrium in a Nutshell, Economics Discussion Paper Series (2017) (2017)

2013

Asset market games of survival: a synthesis of evolutionary and dynamic games
Annals of Finance, 2013, 9, (2), 121-144 View citations (25)
Introduction: behavioral and evolutionary finance
Annals of Finance, 2013, 9, (2), 115-119 View citations (4)

2011

Almost sure Nash equilibrium strategies in evolutionary models of asset markets
Mathematical Methods of Operations Research, 2011, 73, (2), 235-250 View citations (4)

2009

Arbitrage in stationary markets
Decisions in Economics and Finance, 2009, 32, (1), 5-12 View citations (1)
See also Working Paper Arbitrage in Stationary Markets, Swiss Finance Institute Research Paper Series (2007) (2007)
Dynamic interaction models of economic equilibrium
Journal of Economic Dynamics and Control, 2009, 33, (1), 166-182 View citations (1)
See also Working Paper Dynamic interaction models of economic equilibrium, Economics Discussion Paper Series (2006) (2006)

2008

Financial markets. The joy of volatility
Quantitative Finance, 2008, 8, (1), 1-3 View citations (5)
Globally evolutionarily stable portfolio rules
Journal of Economic Theory, 2008, 140, (1), 197-228 View citations (32)
See also Working Paper Globally Evolutionarily Stable Portfolio Rules, Discussion Papers (2005) (2005)

2007

Pure and randomized equilibria in the stochastic von Neumann-Gale model
Journal of Mathematical Economics, 2007, 43, (7-8), 871-887 View citations (5)
See also Working Paper VPure and Randomized Equilibria in the Stochastic von Neumann-Gale model, Economics Discussion Paper Series (2006) (2006)
Volatility-induced financial growth
Quantitative Finance, 2007, 7, (2), 151-160 View citations (12)
See also Working Paper Volatility-Induced Financial Growth, Economics Discussion Paper Series (2006) View citations (2) (2006)

2006

Asset Pricing and Hedging in Financial Markets with Transaction Costs: An Approach Based on the Von Neumann–Gale Model
Annals of Finance, 2006, 2, (4), 327-355 View citations (16)
Evolutionary stable stock markets
Economic Theory, 2006, 27, (2), 449-468 View citations (40)
See also Working Paper Evolutionary Stable Stock Markets, Discussion Papers (2003) View citations (10) (2003)

2005

Market selection and survival of investment strategies
Journal of Mathematical Economics, 2005, 41, (1-2), 105-122 View citations (42)
See also Working Paper Market selection and survival of investment strategies, LIDAM Discussion Papers CORE (2003) (2003)

2004

On The Fundamental Theorem Of Asset Pricing: Random Constraints And Bang‐Bang No‐Arbitrage Criteria
Mathematical Finance, 2004, 14, (2), 201-221 View citations (11)
See also Working Paper On the fundamental theorem of asset pricing: random constraints and bang-bang no-arbitrage criteria, Bonn Econ Discussion Papers (2002) (2002)

2003

Noncooperative versus cooperative R&D with endogenous spillover rates
Games and Economic Behavior, 2003, 42, (2), 183-207 View citations (111)
See also Working Paper Noncooperative versus cooperative R&D with endogenous spillover rates, LIDAM Reprints CORE (2003) View citations (95) (2003)

2002

Equilibrium States of Random Economies with Locally Interacting Agents and Solutions to Stochastic Variational Inequalities in 〈L 1,L ∞ 〉
Annals of Operations Research, 2002, 114, (1), 145-165 View citations (5)
Exponential growth of fixed-mix strategies in stationary asset markets
Finance and Stochastics, 2003, 7, (2), 263-276 View citations (7)
FROM RAGS TO RICHES: ON CONSTANT PROPORTIONS INVESTMENT STRATEGIES
International Journal of Theoretical and Applied Finance (IJTAF), 2002, 05, (06), 563-573 View citations (1)
See also Working Paper From Rags to Riches: On Constant Proportions Investment Strategies, IEW - Working Papers View citations (13)
MARKET SELECTION OF FINANCIAL TRADING STRATEGIES: GLOBAL STABILITY
Mathematical Finance, 2002, 12, (4), 329-339 View citations (47)
See also Working Paper Market Selection of Financial Trading Strategies: Global Stability, IEW - Working Papers View citations (46)
Preface
Annals of Operations Research, 2002, 114, (1), 13-14

2001

Convex stochastic optimization for random fields on graphs: A method of constructing Lagrange multipliers
Mathematical Methods of Operations Research, 2001, 54, (2), 217-237
On Dynkin's model of economic equilibrium under uncertainty
Economics Bulletin, 2001, 3, (12), 1-8

2000

A functional central limit theorem for equilibrium paths of economic dynamics
Journal of Mathematical Economics, 2000, 33, (1), 81-99 View citations (6)

1999

STOCHASTIC VERSION OF POLTEROVICH'S MODEL: EXPONENTIAL TURNPIKE THEOREMS FOR EQUILIBRIUM PATHS
Macroeconomic Dynamics, 1999, 3, (2), 149-166 View citations (5)

1997

Metonymy and cross-section demand
Journal of Mathematical Economics, 1997, 28, (4), 397-414 View citations (2)
See also Working Paper Metonymy and Cross Section Demand, LIDAM Discussion Papers CORE (1996) (1996)

1995

Stochastic equilibria on graphs, II
Journal of Mathematical Economics, 1995, 24, (4), 383-406 View citations (11)
Also in Journal of Mathematical Economics, 1994, 23, (5), 401-433 (1994) View citations (11)

1994

A limit theorem for random matrices with a multiparameter and its application to a stochastic model of a large economy
Stochastic Processes and their Applications, 1994, 52, (1), 65-74

Books

2015

Mathematical Financial Economics
Springer Texts in Business and Economics, Springer View citations (8)

Chapters

2015

American Derivative Securities
Springer
Behavioral Equilibrium and Evolutionary Dynamics
Springer
CAPM Continued
Springer
Capital Asset Pricing Model (CAPM)
Springer
Capital Growth Theory
Springer
Capital Growth Theory: Continued
Springer
Dynamic Securities Market Model
Springer
Efficient Portfolios in a Market with a Risk-Free Asset
Springer
Factor Models and the Ross-Huberman APT
Springer
From Binomial Model to Black–Scholes Formula
Springer
General Equilibrium Analysis of Financial Markets
Springer
Mean-Variance Portfolio Analysis: The Markowitz Model
Springer
Portfolio Selection: Introductory Comments
Springer
Problems and Exercises I
Springer
Also in Springer (2015)
Springer (2015)
Properties of Efficient Portfolios
Springer
Risk-Neutral Pricing
Springer
Solution to the Markowitz Optimization Problem
Springer View citations (1)
The Cox–Ross–Rubinstein Binomial Model
Springer
The Markowitz Model with a Risk-Free Asset
Springer

2013

Growth-optimal investments and numeraire portfolios under transaction costs
Chapter 38 in HANDBOOK OF THE FUNDAMENTALS OF FINANCIAL DECISION MAKING Part II, 2013, pp 789-808 View citations (1)

2011

Growing Wealth with Fixed-Mix Strategies
Chapter 29 in THE KELLY CAPITAL GROWTH INVESTMENT CRITERION THEORY and PRACTICE, 2011, pp 427-455 View citations (5)
See also Working Paper Growing wealth with fixed-mix strategies, Swiss Finance Institute (2009) View citations (1) (2009)
Survival and Evolutionary Stability of the Kelly Rule
Chapter 20 in THE KELLY CAPITAL GROWTH INVESTMENT CRITERION THEORY and PRACTICE, 2011, pp 273-284 View citations (2)
See also Working Paper Survival and Evolutionary Stability of the Kelly Rule, Swiss Finance Institute (2009) View citations (5) (2009)

2006

The von Neumann-Gale Growth Model and Its Stochastic Generalization
Springer