Vitus J. Leung

  1. Sensitivity of the Performance of a Simple Exchange Model to its Topology.

    Authors: Vitus J. Leung, Randall A. LaViolette
    Subjects: Trading and Market Microstructure
    Abstract

    We study a simple exchange model in which price is fixed and the amount of a
    good transferred between actors depends only on the actors' respective budgets
    and the existence of a link between transacting actors. The model induces a
    simply-connected but possibly multi-component bipartite graph. A trading
    session on a fixed graph consists of a sequence of exchanges between connected
    buyers and sellers until no more exchanges are possible. We deem a trading
    session "feasible" if all of the buyers satisfy their respective demands.

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