Fukiharu, T. - In: Mathematics and Computers in Simulation (MATCOM) 79 (2009) 9, pp. 2819-2829
This paper examines how an asset price is determined in a market, and how it changes as circumstances in the market change, making use of a standard asset price model. The motivation of the paper is to examine if the model can explain a bubble economy in which individuals are risk averse. It is...