The Market-agents’ Model of the Prices Variation Mechanism

DOI

10.2991/msmi-14.2014.6How to use a DOI?

Keywords

Market-agents, Price mechanism, CAS modeling, PVM.

Abstract

Market prices were affected by the market-agents. The market-agents behaved as many factors, such as the behaviors of the market players, the hot money etc., which cause the variation of the market prices. Based on the behaviors of the intermediate merchants of the market, the paper applies the complex adaptive system theory and feedback method to explore the variation of the market prices mechanism. It abstracts out a mathematical system equation to describe the theoretical model. Then analyze the strategy jump between the market reseller principles. The paper points out the main factors of the market price movement, and reveals that the prices will respond to the market excess demand constantly adjusted by the market-agents.

Copyright

© 2014, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Wen Zheng
AU  - Shi Zheng
AU  - Kong-Wang Wang
PY  - 2014/06
DA  - 2014/06
TI  - The Market-agents’ Model of the Prices Variation Mechanism
BT  - Proceedings of the 2014 International Conference on Management Science and Management Innovation
PB  - Atlantis Press
SP  - 35
EP  - 39
SN  - 2352-5428
UR  - https://doi.org/10.2991/msmi-14.2014.6
DO  - 10.2991/msmi-14.2014.6
ID  - Zheng2014/06
ER  -