Where and Why Does the Zaraba Method Have Advantages over the Itayose Method? : —Comparison of the Zaraba Method and the Itayose Method by Using the U-Mart System—

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概要

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• There are two different kinds of price determination mechanisms, a fixed price and a flexible price. With respect to securities trading that is considered as a flexible price model, the stock changes in Japan have adopted two different matching methods, the Itayose method and the Zaraba method. These two matching methods seem to be similar, however, the transaction results are different in the market. This paper investigates the reason why these two matching methods bear a different transaction results. Though it is difficult to gather analysis data from real markets, a lot of experimental data are obtained in an artificial market using the U-Mart System.

著者

• Mori Naoki

  Graduate School Of Agricultural Science Kobe University

• ONO Isao

  Interdisciplinary Graduate School of Science and Engineering, Tokyo Institute of Technology

• TANIGUCHI Kazuhisa

  Faculty of Economics, Kinki University

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• Development of backcross recombinant inbred lines between Oryza sativa Nipponbare and O. rufipogon and QTL detection on drought tolerance
• Where and Why Does the Zaraba Method Have Advantages over the Itayose Method? : —Comparison of the Zaraba Method and the Itayose Method by Using the U-Mart System—

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