A simple computer simulation model of a closed market on a fixed network with free flow of goods and money is introduced. The model contains only two variables: the amount of goods and money beside the size of the system. An initially flat distribution of both variables is presupposed. We show that
Properties of the wealth process in a market microstructure model
β Scribed by Ted Theodosopoulos; Ming Yuen
- Publisher
- Elsevier Science
- Year
- 2007
- Tongue
- English
- Weight
- 541 KB
- Volume
- 378
- Category
- Article
- ISSN
- 0378-4371
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