Showing papers on "Market capitalization published in 1971"
01 Jan 1971
TL;DR: A simulation model of the stock market is proposed here and it is hoped that the proposed market mechanism has captured a sufficient number of essential features of basic forces underlying theStock market that it can serve as a first step toward an operational framework for studying the behavior of stock prices.
Abstract: A simulation model of the stock market is proposed here. While it is not practical (nor desirable) to include all aspects of the stock market in our model, we do hope that the proposed market mechanism has captured a sufficient number of essential features of basic forces underlying the stock market that it can serve as a first step toward an operational framework for studying the behavior of stock prices.
3 citations