• Title of article

    Non-equilibrium price theories

  • Author/Authors

    Dirk Helbing، نويسنده , , Daniel Kern، نويسنده ,

  • Issue Information
    روزنامه با شماره پیاپی سال 2000
  • Pages
    10
  • From page
    259
  • To page
    268
  • Abstract
    We propose two theories for the formation of stock prices under the condition that the number of available stocks is fixed. Both theories consider the balance equations for cash and several kinds of stocks. They also take into account interest rates, dividends, and transaction costs. The proposed theories have the advantage that they do not require iterative procedures to determine the price, which would be inefficient for simulations with many agents.
  • Journal title
    Physica A Statistical Mechanics and its Applications
  • Serial Year
    2000
  • Journal title
    Physica A Statistical Mechanics and its Applications
  • Record number

    866828