Modelling an imperfect market

被引：8

作者：

Donangelo, R

Hansen, A

Sneppen, K

Souza, SR

机构：

[1] NORDITA, DK-2100 Copenhagen O, Denmark

[2] Univ Brasilia, Int Ctr Condensed Matter Phys, BR-70919970 Brasilia, DF, Brazil

来源：

PHYSICA A | 2000年 / 283卷 / 3-4期

关键词：

self-organization; interacting agents; financial market; fat tails; fat cat;

D O I：

10.1016/S0378-4371(00)00177-1

中图分类号：

O4 [物理学];

学科分类号：

0702 ;

摘要：

We propose a simple market model where agents trade different types of products with each other by using money, relying only on local information. Value fluctuations of single products, combined with the condition of maximum profit in transactions, readily lead to persistent fluctuations in the wealth of individual agents. (C) 2000 Elsevier Science B.V. All rights reserved.

引用

页码：469 / 478

页数：10

共 16 条

[1]

Anthony Downs., 1957, An economic theory of democracy

[2] Price variations in a stock market with many agents [J].