Table of Contents
Journal of Nonlinear Dynamics
Volume 2014, Article ID 593254, 8 pages
http://dx.doi.org/10.1155/2014/593254
Research Article

Increase in Equilibrium Price by Fast Oscillations

1COMSATS Institute of Information Technology, Islamabad 44000, Pakistan
2Muhammad Ali Jinnah University, Islamabad 44000, Pakistan

Received 15 January 2014; Revised 25 April 2014; Accepted 25 April 2014; Published 20 May 2014

Academic Editor: Ivo Petras

Copyright © 2014 Babar Ahmad and Khalid Iqbal Mahr. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

Linked References

  1. R. N. Mantegna and H. E. Stanley, An Introduction to Econophysics: Correlations and Complexity in Finance, Cambridge University Press, Cambridge, UK, 1999.
  2. R. N. Mantegna and H. E. Stanley, An Introduction to Econophysics: Correlations and Complexity in Finance, Cambridge University Press, Cambridge, UK, 2000.
  3. J.-P. Bouchaud, “An introduction to statistical finance,” Physica A, vol. 313, no. 1-2, pp. 238–251, 2002. View at Publisher · View at Google Scholar · View at Scopus
  4. M. G. Daniels, J. D. Farmer, L. Gillemot, G. Iori, and E. Smith, “Quantitative model of price diffusion and market friction based on trading as a mechanistic random process,” Physical Review Letters, vol. 90, Article ID 108102, 2003. View at Publisher · View at Google Scholar
  5. R. Friedmann and W. G. Sanddorf-Köhle, “Volatility clustering and nontrading days in Chinese stock markets,” Journal of Economics and Business, vol. 54, no. 2, pp. 193–217, 2002. View at Google Scholar · View at Scopus
  6. G. Bonanno, D. Valenti, and B. Spagnolo, “Mean escape time in a system with stochastic volatility,” Physical Review E, vol. 75, Article ID 016106, 2007. View at Publisher · View at Google Scholar · View at Scopus
  7. D. Eliezer and I. I. Kogan, “Scaling laws for the market microstructure of the interdealer broker markets,” SSRN eLibrary, 1998. View at Publisher · View at Google Scholar
  8. X. Yiping, R. Chandramouli, and C. Cordeiro, “Price dynamics in competitive agile spectrum access markets,” IEEE Journal on Selected Areas in Communications, vol. 25, no. 3, pp. 613–621, 2007. View at Publisher · View at Google Scholar · View at Scopus
  9. D. Valenti, B. Spagnolo, and G. Bonanno, “Hitting time distributions in financial markets,” Physica A, vol. 382, no. 1, pp. 311–320, 2007. View at Publisher · View at Google Scholar · View at Scopus
  10. H. Mizuta, K. Steiglitz, and E. Lirov, “Effects of price signal choices on market stability,” Journal of Economic Behavior and Organization, vol. 52, no. 2, pp. 235–251, 2003. View at Publisher · View at Google Scholar · View at Scopus
  11. G. Bonanno, D. Valenti, and B. Spagnolo, “Role of noise in a market model with stochastic volatility,” European Physical Journal B, vol. 53, no. 3, pp. 405–409, 2006. View at Publisher · View at Google Scholar · View at Scopus
  12. P. L. Kapitza, “Dynamic stability of a pendulum with an oscillating point of suspension,” Journal of Experimental and Theoretical Physics, vol. 21, pp. 588–597, 1951. View at Google Scholar
  13. L. D. Landau and E. M. Lifshitz, Mecanics, Pergamon Press/Butterworth, Oxford, UK, 3rd edition, 2005.
  14. J. A. Hołyst and W. Wojciechowski, “The effect of Kapitza pendulum and price equilibrium,” Physica A, vol. 324, no. 1-2, pp. 388–395, 2003. View at Publisher · View at Google Scholar · View at Scopus
  15. B. Ahmad and S. Borisenok, “Control of effective potential minima for Kapitza oscillator by periodical kicking pulses,” Physics Letters A, vol. 373, no. 7, pp. 701–707, 2009. View at Publisher · View at Google Scholar · View at Scopus
  16. http://supremecourt.gov.pk/web/user_files/File/CONST.P.33-34-2005.pdf.
  17. “CRCP House Islamabad,” Islamabad, Pakistan, http://www.crcp.org.pk.