Economics at your fingertips  


Marek SPIÅ Ã K and Roman Å Perka

Journal of Applied Economic Sciences, 2011, vol. 6, issue 3(17)/ Fall 2011, 249-256

Abstract: We implement an agent-based financial market model simulation in which agents follow technical and fundamental trading rules to determine their speculative investment positions. We consider direct interactions between speculators due to which they may decide to change their trading behaviour. For instance, if a technical trader meets a fundamental trader and they realize that fundamental trading has been more profitable than technical trading in the recent past, the probability that the technical trader switches to fundamental trading rules is relatively high. In particular the influence of transaction costs is studied, which can be increased by the off-market regulation (for example in the form of taxes) on market stability, the overall volume of trade and other market characteristics.

Keywords: agent-based; financial market; netLogo; direct interactions; technical and fundamental analysis; simulation (search for similar items in EconPapers)
JEL-codes: G12 G14 G15 C63 C88 (search for similar items in EconPapers)
Date: 2011
References: Add references at CitEc
Citations View citations in EconPapers (3) Track citations by RSS feed

Downloads: (external link) (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Access Statistics for this article

Journal of Applied Economic Sciences is currently edited by Laura Stefanescu

More articles in Journal of Applied Economic Sciences from Spiru Haret University, Faculty of Financial Management and Accounting Craiova Contact information at EDIRC.
Series data maintained by Laura Stefanescu ().

Page updated 2017-09-29
Handle: RePEc:ush:jaessh:v:6:y:2011:i:3(17)_fall:p:249