Non-equilibrium price theories

被引：3
|
作者：
Helbing, D [1 ]
Kern, D
机构：
[1] Dresden Univ Technol, Inst Econ & Traff, D-01062 Dresden, Germany
[2] Univ Stuttgart, Inst Theoret Phys 2, D-70550 Stuttgart, Germany
[3] Collegium Budapest, Ctr Adv Study, H-1014 Budapest, Hungary
来源：
PHYSICA A | 2000年 / 287卷 / 1-2期
关键词：
econophysics; multi-agent model; stock prices; market model;
D O I：
10.1016/S0378-4371(00)00458-1
中图分类号：
O4 [物理学];
学科分类号：
0702 ;
摘要：
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. (C) 2000 Elsevier Science B.V. All rights reserved.
引用
收藏
页码：259 / 268
页数：10
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