Derivation of one-dimensional hydrodynamic model for stock price evolution

It was proved that balance equations for systems with corpuscular structure can be derived if a kinematic description by piece-wise analytic functions is available (Vamoş et al., Physica A 227 (1996) 81). This article presents a rigorous derivation of an one-dimensional hydrodynamic model for the stock price evolution. The kinematic description is given by a set of time functions describing the evolution of the stock price.

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Year of publication:	2000
Authors:	Vamoş, C ; Suciu, N ; Blaj, W
Published in:	Physica A: Statistical Mechanics and its Applications. - Elsevier, ISSN 0378-4371. - Vol. 287.2000, 3, p. 461-467
Publisher:	Elsevier
Subject:	Econophysics \| Statistical mechanics \| Hydrodynamics

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Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011063280