Transaction costs influence on the stability of financial market: agent-based simulation
Identifikátory výsledku
Kód výsledku v 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>
Výsledek na webu
<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>
Alternativní jazyky
Jazyk výsledku
angličtina
Název v původním jazyce
Transaction costs influence on the stability of financial market: agent-based simulation
Popis výsledku v původním jazyce
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
Název v anglickém jazyce
Transaction costs influence on the stability of financial market: agent-based simulation
Popis výsledku anglicky
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
Klasifikace
Druh
J<sub>x</sub> - Nezařazeno - Článek v odborném periodiku (Jimp, Jsc a Jost)
CEP obor
IN - Informatika
OECD FORD obor
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Návaznosti výsledku
Projekt
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Návaznosti
S - Specificky vyzkum na vysokych skolach
Ostatní
Rok uplatnění
2013
Kód důvěrnosti údajů
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Údaje specifické pro druh výsledku
Název periodika
Journal of Business Economics and Management
ISSN
2029-4433
e-ISSN
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Svazek periodika
14
Číslo periodika v rámci svazku
1
Stát vydavatele periodika
GB - Spojené království Velké Británie a Severního Irska
Počet stran výsledku
12
Strana od-do
"S1"-"S12"
Kód UT WoS článku
000329161500001
EID výsledku v databázi Scopus
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