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
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