Chiarella, Carl; He, Xue-Zhong; Wang, Duo; Zheng, Min - In: Physica A: Statistical Mechanics and its Applications 387 (2008) 15, pp. 3837-3846
This paper establishes a continuous-time stochastic asset pricing model in a speculative financial market with fundamentalists and chartists by introducing a noisy fundamental price. By application of stochastic bifurcation theory, the limiting market equilibrium distribution is examined...