Transaction costs influence on the stability of financial market: agent-based simulation
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F47813059%3A19520%2F13%3A%230002294" target="_blank" >RIV/47813059:19520/13:#0002294 - isvavai.cz</a>
Result on the web
<a href="http://dx.doi.org/10.3846/16111699.2012.701227" target="_blank" >http://dx.doi.org/10.3846/16111699.2012.701227</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.3846/16111699.2012.701227" target="_blank" >10.3846/16111699.2012.701227</a>
Alternative languages
Result language
angličtina
Original language name
Transaction costs influence on the stability of financial market: agent-based simulation
Original language description
We implement an agent-based simulation of financial market model. Agent-based simulations are used nowadays as an alternative to the traditional models, based on predetermined equilibrium state theory. Agent technology brings some kind of local intelligence and rational expectations to the decision support system of financial market participants. Agents follow technical and fundamental trading rules to determine their speculative investment positions. We consider direct interactions between speculatorsand they may decide to change their trading behaviour. If a technical trader meets a fundamental trader and they realize that fundamental trading has been more profitable than technical trading in recent past, the probability that the technical trader switches to the fundamental trading rules is relatively high. In particular the influence of transaction costs is studied in this paper. Transaction costs can be increased by the off-market regulation (for example in the form of taxes) on f
Czech name
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Czech description
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Classification
Type
J<sub>x</sub> - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)
CEP classification
IN - Informatics
OECD FORD branch
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Result continuities
Project
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Continuities
S - Specificky vyzkum na vysokych skolach
Others
Publication year
2013
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Journal of Business Economics and Management
ISSN
2029-4433
e-ISSN
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Volume of the periodical
14
Issue of the periodical within the volume
1
Country of publishing house
GB - UNITED KINGDOM
Number of pages
12
Pages from-to
"S1"-"S12"
UT code for WoS article
000329161500001
EID of the result in the Scopus database
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