@inproceedings{ca4321b6ab56451fa2e0bde2477c21e7,
title = "Heterarcical market: Dynamical interplay between time and space in the continuous interaction in a market model",
abstract = "Multi-agent models of robust open systems such as natural systems are the important theme in the literature of systems science. Heterarchy, which means dynamical hierarchy, is a structural model, which includes the dynamical interplay between different levels. However, it is not easy to build a formal model of a heterarchical system because the interplay between different levels lead a self-referential paradox. In this paper, we propose an continuous double auction model, which includes a formal model of conitnuous transaction. We encode the model into a restriction rule of the order submittion. The proposed model shows a critical behavior of the actual markets, and it can have the relationship with the behaviors of natural systems.",
author = "Kazuto Sasai and Gunji, {Yukio Pegio} and Tetsuo Kinoshita",
year = "2017",
month = jul,
day = "21",
doi = "10.1063/1.4992543",
language = "English",
series = "AIP Conference Proceedings",
publisher = "American Institute of Physics Inc.",
editor = "Simos, {Theodore E.} and Simos, {Theodore E.} and Charalambos Tsitouras",
booktitle = "International Conference of Numerical Analysis and Applied Mathematics, ICNAAM 2016",
note = "International Conference of Numerical Analysis and Applied Mathematics 2016, ICNAAM 2016 ; Conference date: 19-09-2016 Through 25-09-2016",
}