He, Xue-Zhong; Li, Kai; Wei, Junjie; Zheng, Min - In: Economic Modelling 26 (2009) 6, pp. 1432-1442
By considering a financial market of fundamentalists and trend followers in which the price trend of trend followers is formed as a weighted average of historical prices, we establish a continuous-time financial market model with time delay and examine the impact of time delay on market price...