Title :
Markov Properties with Sequential Bargaining
Author :
Fu, Yu ; Liang, Lin
Author_Institution :
Sch. of Accounting, Hunan Univ., Changsha, China
Abstract :
Basing on the discourse about traditional model of the securities markets pricing mechanism, and considering the reality of the "absence of the liquidity supplier" in our country\´s security markets, this paper works out a dynamic stochastic matching pricing model basing on Markov tactics of the traders. And by the empirical testing, it vitrifies the basic hypotheses of the model.
Keywords :
Markov processes; pattern matching; pricing; securities trading; Markov property; Markov tactics; dynamic stochastic matching pricing model; liquidity supplier absence; securities markets pricing mechanism; securities trading; sequential bargain; Conference management; Costs; Fluctuations; Information security; Mechanical factors; Pricing; Stochastic processes; Technology management; Testing; Vitrification;
Conference_Titel :
Computational Sciences and Optimization, 2009. CSO 2009. International Joint Conference on
Conference_Location :
Sanya, Hainan
Print_ISBN :
978-0-7695-3605-7
DOI :
10.1109/CSO.2009.209
