marshalliandeviationnewobservablecriteriontomeasuretransactionpathsindoubleauctionmarkets

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	marshalliandeviationnewobservablecriteriontomeasuretransactionpathsindoubleauctionmarkets
	Zhan Wenjie 1; Wang Shouyang2 ; Zhang Jinlong 1; Yan Jie 1; Lai K K 3
	2002
发表期刊	journalofsystemsscienceandcomplexity
ISSN	1009-6124
卷号	015 期号:003 页码:261
摘要	In 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.
语种	英语
文献类型	期刊论文
条目标识符	http://ir.amss.ac.cn/handle/2S8OKBNM/44833
专题	系统科学研究所
作者单位	1.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
推荐引用方式 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.