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marshalliandeviationnewobservablecriteriontomeasuretransactionpathsindoubleauctionmarkets
Zhan Wenjie1; Wang Shouyang2; Zhang Jinlong1; Yan Jie1; Lai K K3
2002
Source Publicationjournalofsystemsscienceandcomplexity
ISSN1009-6124
Volume015Issue:003Pages:261
AbstractIn measuring the trade process in a double anction(DA) market,there is not any observable criterion that is able to describe the matching pairs and their transaction order dynamically,In this paper,we propse a new observable criterion called Marshallian deviation.It can be used to measure the distance of a transaction path deviating from the Marshallian path mathematically,and to answer the question why buyers with high values will trade with sellers with low costs in advance in some types of DA but not in others.Furthermore,three factors influencing the Marshallian deviations both in the CDA and in the PDA are also studied.They are repectively the strategic algorithm,the transaction duration and the number of traders.A few intersting findings are presented.
Language英语
Document Type期刊论文
Identifierhttp://ir.amss.ac.cn/handle/2S8OKBNM/44833
Collection系统科学研究所
Affiliation1.School of Management, Hazhong University of Science and Technology
2.中国科学院数学与系统科学研究院
3.香港城市大学
Recommended Citation
GB/T 7714
Zhan Wenjie,Wang Shouyang,Zhang Jinlong,et al. marshalliandeviationnewobservablecriteriontomeasuretransactionpathsindoubleauctionmarkets[J]. journalofsystemsscienceandcomplexity,2002,015(003):261.
APA Zhan Wenjie,Wang Shouyang,Zhang Jinlong,Yan Jie,&Lai K K.(2002).marshalliandeviationnewobservablecriteriontomeasuretransactionpathsindoubleauctionmarkets.journalofsystemsscienceandcomplexity,015(003),261.
MLA Zhan Wenjie,et al."marshalliandeviationnewobservablecriteriontomeasuretransactionpathsindoubleauctionmarkets".journalofsystemsscienceandcomplexity 015.003(2002):261.
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