HOW TO CONTROL STOCK MARKETS

被引：2

作者：

CONSIGLIO, A

机构：

[1] Ist. Di Matematica per la Ricerca Operativa, Fac. Di Economia e Commercio, Palermo, 90127, Viale delle Scienze

来源：

INTERNATIONAL JOURNAL OF SYSTEMS SCIENCE | 1994年 / 25卷 / 12期

关键词：

D O I：

10.1080/00207729408949348

中图分类号：

TP [自动化技术、计算机技术];

学科分类号：

0812 ;

摘要：

This paper provides a different approach to the analysis of imperfect stock markets. The model we are concerned with is described by the interaction of three institutional classes of agents (the specialist trader, the professional trader and the non-professional trader), sharing different information. The dynamical discrete-time system obtained can be changed into a second-order linear difference equation forced by the fundamental value of the specialist trader. Using typical tools of control theory, we study the behaviour of the professional trader's fundamental value influenced by the specialist's one.

引用

页码：2245 / 2253

页数：9