Kamps, Marc de; Ladley, Daniel; Simaitis, Aistis - Department of Economics, Leicester University - 2012
The behavior and stability of over-the-counter markets is of central concern to regulators. Little is known, however … populated by boundedly rational heterogeneous traders in which the structure is represented by a network. Stability is found to … presence of hubs, such as those found in scale free networks increases stability and decreases volatility whilst small …