While early computational studies of bargaining strategies, such as Rust, Miller and Palmer (1993, 1994) and Andrew and Prager (1996) all indicates the significance of agent-based modeling in the follow-up research, a real agent-based model of bargaining strategies in DA markets has never been...

Using the framework of agent-based artificial stock markets, this paper addresses the two well-known properties frequently observed in financial markets, namely, price-volume relation and sunspots, from a bottom-up perspective. In spirit of ``bottom-up'', these two phenomena are pursued in a...