Abstract:The paper simulates the price-arbitrage process at the market for homogeneous good and tries to show the convergence into a single price from different cross-linked markets of this homogeneous good. It examines the problem by random generation of values in the simulation environment offered by the Matlab program. It is emphasized here the approach in which the agent's alertness is crucial to the market. The emphasis is not on the price that equilibrates supply and demand, since there is not a single price for … Show more
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