The aim of this paper is to assess the impact of the interbank market on the business cycle. To do that, we built a DSGE model with heterogeneous households and banks. Net lender banks can allocate their resources between interbank lending and risk free government bonds. This portfolio choice is affected by an exogenous counterpart risk shock on the interbank market. An increase of the counterp...

This paper studies the role of strategy and the order book market mechanism in price dynamics and the order flow behaviour. To this end we analyse a zero-intelligence agent model of a dynamic limit order market. Stylised facts of limit order markets are shown to be influenced and, in some cases, governed by the market mechanism rather than strategic interaction. Positive correlation in order ty...

We propose a new herd mechanism and embed it into an open financial market system, which allows traders to get in and out of the system based on some transition rates. Moreover, the novel mechanism can avoid the volatility disappearance when the population scale increases. There are three kinds of heterogeneous agents in the system: optimistic, pessimistic and fundamental. Interactions especial...

Cloud service has a style of “pay as you go”, and the providers and consumers are conducting business on a virtual market platform. Different from normal article market, cloud service as a software can be sold more than one copy to different customers. However, the QoS must be descended for the concurrency value, and conversely leads to the reduction of demands and price. Owing to its exclusive...

this paper presents a theoretical view of imperfect market. it concludes that an increase in the price of products does not give any incentive to increasing production which shows the mechanism for upward trends in prices.

To study the process of pricing in capital market and look for a new way for decision support in financial market, according to the mechanism of artificial neural network, Capital Market Structure Model is developed in this case due to the influence between bargainer and price of asset in market. During proof-test, result of chaos forecast under the capital market structure model shows that cha...

Prediction markets are an interesting instrument to draw on the “wisdom of the crowds”, e.g., to forecast sales or project risks. So far, mainly two market mechanisms have been implemented in prediction markets, the continuous double auction and logarithmic market scoring rule. However, the effects of the choice between these two market mechanisms on relevant variables such as prediction market...

Economics is a study of fixed way or method for allocating natural resources and human resources, with the aim achieving optimization best goals. Regulations in production distribution goods are entrusted to self-regulating mechanisms, including services, at certain price based on that will meet demand. Trade arises from effort find outer boundaries territory. If community never does external t...

In this paper, to analyze the transport of autonomous robots, an artificial Capital market is used. Capital market is considered as a pier which loading and unloading of cargo is done. Autonomous robots load and unload from the ship to the warehouse wharf or vice versa. All the robots have the ability of transporting the loads, but depending on loads and the location of unloading (or loading) a...

In this paper, a new reactive power market clearing (RPMC) mechanism for day-ahead competitive electricity market is developed based on multi-objective optimization approach. In proposed mechanism, three objective functions such as total payment function (TPF) for reactive power support from generators and synchronous condensers, total real transmission loss (TRTL) and voltage stability enhance...