基于可获供给的资产价格动态

Asset price dynamics with available supply

通过引入疏忽投资者，本文初步探讨可获资产供给引起的价格波动，对比经典资产价格理论，结果显示市场积极参与度及入场时机引发的交易廷迟都将导致价格波动，而具有更高流动性的市场，其产品供给更丰富，价格也相对更低。

Based on the inattentive investors, this paper studies the assets price dynamics caused by available supply. Comp^ed to cl^sic~ asset price theory, it shows that trades delay caused by active participation and time to the market will inevitably lead to the price volatility, and a market with higher liquidity, its products is more abundant supply and price is relatively lower.