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Partial equilibrium analysis in a noisy chaotic market

Authors
Publisher
Elsevier B.V.
Publication Date
Volume
53
Issue
3
Identifiers
DOI: 10.1016/s0165-1765(96)00930-5
Keywords
  • Autocorrelations
  • Chaotic Market
  • Noise
  • Partial Analysis

Abstract

Abstract We investigate the validity of partial equilibrium analysis in a nonlinear chaotic market model subject to small noise. Despite the sensitivity to market parameters in a chaotic economy, partial analysis can still detect both qualitative and quantitive features of price fluctuations which are robust against small noise and market interdependencies.

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