Efficiency Decay of Trading System

Zhenying Wang ()
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Zhenying Wang: Shanghai Gold Exchange

Chapter Chapter 25 in Trading Economics, 2024, pp 567-582 from Springer

Abstract: Abstract Resource allocation is the basic function of the trading system, and the efficiency of resource allocation in the trading system is a key indicator to measure the evolution of the trading system, and it is also a key factor in forming the core competitiveness of a country. We would like to prove that, with the evolution of the trading system, after the efficiency of resource allocation in the trading system has undergone a continuous rise, it will reverse the direction of evolution, showing a trend of efficiency decay, and plunge into the second half of the complete evolutionary cycle. This is an inevitable law that the evolution of the trading system cannot resist.

Date: 2024
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DOI: 10.1007/978-981-99-9875-3_25

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