Market Model with Heterogeneous Buyers

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dc.creatorMedo, Matus
dc.creatorZhang, Yi-Cheng
dc.date2007-12-20
dc.date.accessioned2026-07-07T12:24:05Z
dc.date.available2026-07-07T12:24:05Z
dc.descriptionIn market modeling, one often treats buyers as a homogeneous group. In this paper we consider buyers with heterogeneous preferences and products available in many variants. Such a framework allows us to successfully model various market phenomena. In particular, we investigate how is the vendor's behavior influenced by the amount of available information and by the presence of correlations in the system.
dc.description26 pages, 15 figures, accepted to Physica A
dc.identifierhttps://arxiv.org/abs/0712.3350
dc.identifierhttp://arxiv.org/abs/0712.3350
dc.identifierPhysica A 387, 2889-2908 (2008)
dc.identifierdoi:10.1016/j.physa.2008.01.008
dc.identifier.urihttp://salesiana.dossiersoluciones.com/handle/123456789/214214
dc.subjectTrading and Market Microstructure
dc.subjectPhysics and Society
dc.subjectGeneral Finance
dc.titleMarket Model with Heterogeneous Buyers
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