Brouwer/Kakutani's fixed point theorem Stock prices

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Part b - People

people.csail.mit.edu/costis/6896sp10/Lecture13b.pptx‎

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"Stock prices have reached what looks like a permanently high plateau." Market ... under very general conditions using Brouwer/Kakutani's fixed point theorem.

 

1. Brouwer's fixed point theorem...why mathematics is fun

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6. Sep 23, 2011 - Brouwer's fixed point theorem...why mathematics is fun ... do indeed have an equilibrium set of prices which makes supply equal demand for all goods. .... Financial Times numeracy check · High-frequency trading: taming the ...

7. 1. High-frequency trading, the downside -- Part II | Enter your blog ...

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   As Haldane notes, the risk a market maker faces -- in holding stocks which .... to post very frequently on Brouwer's fixed point theorem, but I had to look into it a ...

8. 1. Brouwer's fixed point theorem...why mathematics is fun | Enter your ...

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   I'm not going to post very frequently on Brouwer's fixed point theorem, but I had to ... an equilibrium set of prices which makes supply equal demand for all goods. ... Financial Times numeracy check · High-frequency trading: taming the chaos ...

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2. The Computational Complexity of Games and Markets: An ...

1. cupid.economics.uq.edu.au/mclennan/Papers/complexity_survey.pdf‎

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1. by A McLennan - ‎2011 - ‎Cited by 2 - ‎Related articles
2. implies the Brouwer (1912) fixed point theorem, so the two results are ..... Trading strategies that might enforce an equality between stock prices and some notion ...

3. 1. General equilibrium theory - Wikipedia, the free encyclopedia

   1. en.wikipedia.org/wiki/General_equilibrium_theory‎
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   It seeks to explain the behavior of supply, demand, and prices in a whole economy ... only incorporates a few markets, like a "goods market" and a "financial market". .... to Uzawa's derivation of Brouwer's fixed point theorem from Walras's law. .... In a real economy, however, trading, as well as production and consumption, ...

4. 1. Herbert Scarf - Wikipedia, the free encyclopedia

   1. en.wikipedia.org/wiki/Herbert_Scarf‎
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   After the talk Scarf and Shubik took a long walk from 125th street to Shubik's ... Scarf's first proof of this theorem relied on Brouwer's fixed point theorem, but his hope .... holding cost of its inventory and a shortage cost if the good runs out of stock. ... Consider a situation: Several traders each bring his/her bundle of goods to a ...

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2. The Complexity of Exchange

1. www.econ-pol.unisi.it/bowles/.../Axtell%20Complexity.pdf‎

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1. by R Axtell - ‎2003 - ‎Cited by 95 - ‎Related articles
2. the Brouwer or Kakutani fixed point theorems, constructive proofs of which serve as the ... This is the case of financial markets, in which the items being exchanged .... (1) agent truthfully reveal their preferences, (2) no trading takes place before.

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2. Bilateral Trade, I - University of Essex

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4. This is the case of financial markets, in which the items being exchanged .... Since then, many domains of economic theory have come to depend on fixed point theorems to ... no trading takes place before the market-clearing price vector is announced, ... The lower bound for worst-case computation of Brouwer fixed points is ...

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2. Asset Valuation in Thin Markets∗

1. www2.ku.edu/~nber/econ/papers/papers2/weretka.pdf‎

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1. by M Weretka - ‎Related articles
2. traders nearly doubled their share in the U.S. stock markets between 1980 and ...... into itself and hence by Brouwer fixed point theorem the fixed point exists. 26 ...