Title of article :
Non-equilibrium price theories
Author/Authors :
Dirk Helbing، نويسنده , , Daniel Kern، نويسنده ,
Issue Information :
روزنامه با شماره پیاپی سال 2000
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
Journal title :
Physica A Statistical Mechanics and its Applications