Proceedings of the 2014 International Conference on Management Science and Management Innovation

The Market-agents’ Model of the Prices Variation Mechanism

Authors
Wen Zheng, Shi Zheng, Kong-Wang Wang
Corresponding Author
Wen Zheng
Available Online June 2014.
DOI
https://doi.org/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.
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This is an open access article distributed under the CC BY-NC license.

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Proceedings
2014 International Conference on Management Science and Management Innovation (MSMI 2014)
Part of series
Advances in Economics, Business and Management Research
Publication Date
June 2014
ISBN
978-94-6252-015-8
ISSN
2352-5428
DOI
https://doi.org/10.2991/msmi-14.2014.6How to use a DOI?
Open Access
This is an open access article distributed under the CC BY-NC license.

Cite this article

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  - 2014 International Conference on Management Science and Management Innovation (MSMI 2014)
PB  - Atlantis Press
SN  - 2352-5428
UR  - https://doi.org/10.2991/msmi-14.2014.6
DO  - https://doi.org/10.2991/msmi-14.2014.6
ID  - Zheng2014/06
ER  -