Market force, ecology and evolution
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...
| मुख्य लेखक: | |
|---|---|
| स्वरूप: | Journal article |
| प्रकाशित: |
1998
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