Some new results on information percolation

Stochastic Systems

关键词: Large interacting sets;    market equilibrium;    Ordinary Differential Equations;    continuous-time Markov chains;   

DOI  :  

来源: DOAJ

【 摘 要 】

We study the dynamics of a large number, N, of investorswhich have meetings by groups of m. We obtain an explicit formulafor the solution of the associated non-linear system of differentialequations. This formula is tractable and it enables us to show theasymptotic stability of a large class of models. One of those models can be thought of as an interacting portfolio market.

【 授权许可】

Unknown