the double auction market institutions theories and evidence pdf

The Double Auction Market Institutions Theories And Evidence Pdf

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Econometrica: Journal of the Econometric Society, , Journal of evolutionary economics 8 1 , , The double auction market: Institutions, theories, and evidence 14, , Journal of Economic Dynamics and Control 20 8 , ,

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This paper aims at providing both non-specialist and specialist readers with an overview of the several topics that have been addressed in the field of experimental asset markets. Rather than being exhaustive in any single topic, this review is meant to gather the several research strands and to provide a powerful picture of the main advances on the use of experimental techniques for the study of financial markets. Ackert, Lucy F. Church, and Ping Zhang. Alevy, Jonathan E. Haigh, and John A.

A double auction market: Teaching, experiment, and theory

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Enter your mobile number or email address below and we'll send you a link to download the free Kindle App. Then you can start reading Kindle books on your smartphone, tablet, or computer - no Kindle device required. To get the free app, enter your mobile phone number. This book focuses on markets organized as double auctions in which both buyers and sellers can submit bids and asks for standardized units of well-defined commodities and securities. It examines evidence from the laboratory and computer simulations. Read more Read less. Books In This Series 16 Books.

Enter your mobile number or email address below and we'll send you a link to download the free Kindle App. Then you can start reading Kindle books on your smartphone, tablet, or computer - no Kindle device required. To get the free app, enter your mobile phone number. This book focuses on markets organized as double auctions in which both buyers and sellers can submit bids and asks for standardized units of well-defined commodities and securities. It examines evidence from the laboratory and computer simulations. Read more Read less.


PDF | On Jan 1, , D. und Friedman and others published The Double Auction Market: Institutions, Theories and Evidence | Find, read and cite all the.


A double auction market: Teaching, experiment, and theory

Skip to search form Skip to main content You are currently offline. Some features of the site may not work correctly. DOI: A simultaneous double auction market with bid and offer cards was used in classes on the theory and history of money and financial institutions and occasionally in classes on the theory of games.

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated. We investigate, by mean of a lab experiment, a market inspired by two strands of literature on one hand we have herd behaviour in non-market situations, and on the other hand aggregation of private information in markets. The former suggests that socially undesirable herd behaviour may result when information is private; the latter suggests that socially undesirable behaviour may be eliminated through the market. As the trading mechanism might be a compounding factor, we investigate two kinds of market mechanism: the double auction, where bids, asks and trades take place in continuous time throughout a trading period; and the clearing house, where bids and asks are placed once in a trading period, and which are then cleared by an aggregating device.

Many researches have been done on the strategies of double auctions, an important class of auction protocols that permit multiple buyers and sellers to trade simultaneously in a market. Some well designed dominant-strategy incentive compatible double auction protocols have been proposed. However, the security and the privacy issues in double auctions are seldom studied in the literatures. In this paper, we propose secure double auction protocols, which achieve full privacy protection of participants. It is clear that our suggestion is stronger than other previous work in which assumptions that certain auctioneers never collude are made.

Asset Markets in the Lab: a literature review

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