Inner Market as a "Black Box"
AbstractEach market has its singular characteristic. Its inner structure is directly responsible for the observed distributions of returns though this fact is widely overlooked. Big orders lead to doubling the tails. The behavior of a market maker with many or few ``friends'' who can reliably loan money or stock to him is quite different from the one without. After representing the inner market ``case'' we suggest how to analyze its structure.
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Bibliographic InfoPaper provided by arXiv.org in its series Papers with number cond-mat/0106401.
Date of creation: Jun 2001
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