Multi-agent Simulation of Financial Market with Transaction Costs Influence

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F47813059%3A19520%2F11%3A%230001448" target="_blank" >RIV/47813059:19520/11:#0001448 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Multi-agent Simulation of Financial Market with Transaction Costs Influence
Original language description
We implement a multi-agent financial market model simulation in which agents follow technical and fundamental trading rules to determine their speculative investment positions. We consider direct interactions between speculators due to which they may decide to change their trading behaviour. For instance, if a technical trader meets a fundamental trader and they realize that fundamental trading has been more profitable than technical trading in the recent past, the probability that the technical traderswitches to fundamental trading rules is relatively high. In particular the influence of transaction costs is studied, which can be increased by the off-market regulation (for example in the form of taxes) on market stability, the overall volume of tradeand other market characteristics.
Czech name
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Czech description
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Type
J<sub>x</sub> - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)
CEP classification
AH - Economics
OECD FORD branch
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Publication year
2011
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical
Scientific Papers of the University of the Pardubice, Series D
ISSN
1211-555X
e-ISSN
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Volume of the periodical
22
Issue of the periodical within the volume
16
Country of publishing house
CZ - CZECH REPUBLIC
Number of pages
11
Pages from-to
165-175
UT code for WoS article
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EID of the result in the Scopus database
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