We develop a theory of equilibrium market volatility in a general equilibrium duopoly with complete information. The … resulting economic system possesses a property, which can be described as ‘natural volatility' of markets, even if players have … approach cannot be applied. Volatility at the market appears from a multiplicity of equilibrium mixed strategies; they cannot …

. Resulting market price does not have information discovery properties. We demonstrate the multiplicity of Pareto-improving pure …

expectations equilibrium, information discovery property of market price. We demonstrate multiplicity of Pareto-improving pure …

toolkit is an equilibrium default model of Shubik-Wilson (1978). Our result has an ‘equilibrium volatility' simultaneously …

common beliefs of players about actions of each other, on existence of rational expectations, and on price discovery property … of the market, although the market is informationally efficient.Approximated price has unremovable instabilities …

This paper examines the implications for equilibrium price of a shift in demand and also provides formal … prove strong non-monotonocity of any equilibrium price. In a stochastically indefinite horizon simultaneous moves Cournot … sustainable in a strategy profile that is efficient among the set of perfect equilibrium strategy profiles, any equilibrium price …

different regimes for the evolution of the price, the volume of trade, and information acquisition. …

This paper offers a plausible response to "what explains the sporadic volatility in the price of Bitcoin?" We … volatility of the price of Bitcoin responds to its transaction volume, cryptocurrency market capitalisation, world market equity … except the equity index positively explain the volatility of Bitcoin price. The result established evidence that market …

volatility risk that illiquidity and virtually all impediments to trade cannot be priced in the absence of excess short …-selling costs. This is because the buyer values the asset at the low Bid-price and seller at the high Ask-price. When market clears …, the buyer and seller order-flows cancel out leaving the midpoint price independent of the “tax wedge”. Using this …