Spot-Financial Market with Large Characteristics

Guo Peng ZHANG;Peng WAN

Systems Engineering - Theory & Practice ›› 2000, Vol. 20 ›› Issue (3) : 39-45.

PDF(236 KB)
PDF(236 KB)
Systems Engineering - Theory & Practice ›› 2000, Vol. 20 ›› Issue (3) : 39-45. DOI: 10.12011/1000-6788(2000)3-39
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Spot-Financial Market with Large Characteristics

  • Guo Peng ZHANG,Peng WAN
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Abstract

In this paper, we give a model of spot financial market with measurable space of agents, which has further described the notion of "perfect competition". After the definition of equilibrium for such large economy, we claim the existence of market equilibrium under complete asset structures. Then discuss the problem of representative agent and, accordingly, give the representative agent pricing formula. We have also developed some relevant conclusions of classical spot financial market.

Key words

large economy / representative agent / spot financial market

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Guo Peng ZHANG , Peng WAN. Spot-Financial Market with Large Characteristics. Systems Engineering - Theory & Practice, 2000, 20(3): 39-45 https://doi.org/10.12011/1000-6788(2000)3-39
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