2012 Fiscal Year Final Research Report
Dynamic Equalibrium Models of Bandwagon in Speculative Markets
| Project/Area Number |
22530299
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| Research Category |
Grant-in-Aid for Scientific Research (C)
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| Allocation Type | Single-year Grants |
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| Section | 一般 |
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| Research Field |
Public finance/Monetary economics
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| Research Institution | Otaru University of Commerce |
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Principal Investigator |
WADA Ryosuke 小樽商科大学, 商学部, 教授 (00241414)
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| Project Period (FY) |
2010 – 2012
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| Keywords | 動的均衡 / 付和雷同 / 投機的市場 / 相場の読み合い / ポアソン過程 / コピュラ |
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| Research Abstract |
We developed a dynamic equilibrium model of bandwagon phenomena in stock market: Traders with the shortest investment horizon try to figure out upper or lower bound of stock prices. This leads to band wagon. We could not, however, complete a paper to ready for presentations or publishing, by March 2013.
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