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...
| Үндсэн зохиолч: | |
|---|---|
| Формат: | Journal article |
| Хэвлэсэн: |
2013
|