Examining Price Discovery in the Gold market: Evidence from India
نویسندگان
چکیده
Background: Commodity markets are rapidly changing across the globe due to technological and financial innovations. The introduction of commodity exchanges futures trading has significantly affected their price discovery with ramifications for users traders. mechanism in is dynamic needs regular reassessment.
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The design of this study is to investigate the evolution of a stochastic price process consequent to discrete processes of bids and offers in a market microstructure setting. Under a set of flexible assumptions about agent preferences, we generate a price process to compare with observation. Specifically, we allow for both rational and irrational economic behavior, abstracting the inquiry from ...
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ژورنال
عنوان ژورنال: Management Dynamics
سال: 2022
ISSN: ['2091-0460']
DOI: https://doi.org/10.57198/2583-4932.1303