Hwang, Seong-Tae; Lee, Seong-Joon; Oh, Hyung-Sik - In: Journal of Emerging Market Finance 4 (2005) 1, pp. 1-25
This paper analyses the dynamic competition relationships of stock markets in Korea and the United States. The Lotka-Volterra system of equations, one of well-known competitive diffusion models, is adopted to represent the competitive situations of the Korean and US stock markets and it is...