The new capitalists: a structural change from the stock market economy to the free market economy

M. Khoshyaran

Physica A: Statistical Mechanics and its Applications, 2004, vol. 344, issue 1, 14-18

Abstract: In this paper an alternative mechanism to the stock market is proposed. Two elements are taken away: (1) middlemen, and (2) shareholder lack of involvement. Structural elements are identified. Equilibrium-stability conditions are defined. A measures of effectiveness is suggested.

Keywords: Market for financial products; Price of stock; Price of investment; Reaction functions; Nash equilibrium solution; Lagrange equations of motion (search for similar items in EconPapers)
Date: 2004
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Persistent link: https://EconPapers.repec.org/RePEc:eee:phsmap:v:344:y:2004:i:1:p:14-18

DOI: 10.1016/j.physa.2004.06.080

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