Market force, ecology and evolution

Market force, ecology and evolution

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Markets have internal dynamics leading to excess volatility and other phenomena that are difficult to explain using rational expectations models. This paper studies these using a nonequilibrium price formation rule, developed in the context of trading with market orders. Because this is so much simp...

Полное описание

Библиографические подробности
Главный автор:	Farmer, J
Формат:	Journal article
Опубликовано:	1998

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