The Influence of Market Size in an Artificial Stock Market: The Approach Based on Genetic Programming

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  author =       "Chia-Hsuan Yeh",
  title =        "The Influence of Market Size in an Artificial Stock
                 Market: The Approach Based on Genetic Programming",
  booktitle =    "7th International Conference of Society of
                 Computational Economics",
  year =         "2001",
  address =      "Yale",
  month =        "28-29 " # jun,
  organisation = "Society for Computational Economics",
  keywords =     "genetic algorithms, genetic programming",
  URL =          "",
  abstract =     "The relationship between competitiveness and market
                 performance has been discussed for a long time. In a
                 competitive economic environment, each firm or
                 individual is unable to influence the market. It has
                 been mentioned in the economics courses that the
                 competitive market is more efficient and has higher
                 social welfare. Therefore, it is the desirable picture
                 economists intend to draw. The concept of
                 competitiveness is related to market size, i.e., the
                 number of market participants. The idea here is that
                 the larger economy contributes to microeconomic
                 heterogeneity, for example, behaviour and strategies,
                 profitability and market shares, production technology
                 and efficiency. The importance of economic diversity
                 has been understood. It is a fundamental driving force
                 and an essential property in the economic systems.
                 People who have different perspectives about the future
                 implies that there exits room for the economic activity
                 and they may benefit from their trading behavior. In
                 other words, the higher degree of heterogeneity may
                 provide more opportunities for trading. It is also an
                 important seed of innovation. In this paper, we try to
                 study the influence of market size to market
                 performance in term of market efficiency.",
  notes =        "

                 CEF 2001",

Genetic Programming entries for Chia Hsuan Yeh