We introduce a stochastic heterogeneous interacting-agent model for the short-time non-equilibrium evolution of excess demand and price in a stylized asset market. We consider a combination of social interaction within ...

We analyze the stability properties of equilibrium solutions and periodicity of orbits in a two-dimensional dynamical system whose orbits mimic the evolution of the price of an asset and the excess demand for that asset. ...

Stochastic volatility models have been widely studied and used in the financial world. The Heston model (Heston, 1993) [7] is one of the best known models to deal with this issue. These stochastic volatility models are ...

This work analyzes how five Latin American economies (Brazil, Chile, Colombia, Mexico and Peru) are impacted by shocks in the world economy uncertainty and in commodity price. Analysis is based on Bayesian Structural Vector ...

"Electricity is a commodity that behaves unlike others in the way that cannot be stored cheaply, its transport depends on existent electrical networks, and can be generated from different sources. This makes the price of ...