DocumentCode
2822595
Title
Markov Properties with Sequential Bargaining
Author
Fu, Yu ; Liang, Lin
Author_Institution
Sch. of Accounting, Hunan Univ., Changsha, China
Volume
2
fYear
2009
fDate
24-26 April 2009
Firstpage
531
Lastpage
535
Abstract
Basing on the discourse about traditional model of the securities markets pricing mechanism, and considering the reality of the "absence of the liquidity supplier" in our country\´s security markets, this paper works out a dynamic stochastic matching pricing model basing on Markov tactics of the traders. And by the empirical testing, it vitrifies the basic hypotheses of the model.
Keywords
Markov processes; pattern matching; pricing; securities trading; Markov property; Markov tactics; dynamic stochastic matching pricing model; liquidity supplier absence; securities markets pricing mechanism; securities trading; sequential bargain; Conference management; Costs; Fluctuations; Information security; Mechanical factors; Pricing; Stochastic processes; Technology management; Testing; Vitrification;
fLanguage
English
Publisher
ieee
Conference_Titel
Computational Sciences and Optimization, 2009. CSO 2009. International Joint Conference on
Conference_Location
Sanya, Hainan
Print_ISBN
978-0-7695-3605-7
Type
conf
DOI
10.1109/CSO.2009.209
Filename
5194009
Link To Document