A Double Auction Market: Teaching, Experiment and Theory

A simultaneous double auction market with bid and offer cards was utilized in classes on the theory and history of money and financial institutions and occasionally in classes on the theory of games. The prime purpose in using this game was to teach the students how to construct process models of economic phenomena. The second purpose was to consider the properties of the double auction market. The third purpose was to interpret the experimental results an link them to theory.

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Year of publication:	2003-10
Authors:	Shubik, Martin
Institutions:	Cowles Foundation for Research in Economics, Yale University
Subject:	Double auctions \| Experimental games \| Allocation games \| Noncooperative equilibria

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Extent:	application/pdf
Series:	Cowles Foundation Discussion Papers.
Type of publication:	Book / Working Paper
Language:	English
Notes:	CFP 1147. Published in Simulation and Gaming (June 2005), 36(2): 166-182 The price is None Number 1443 21 pages
Classification:	C7 - Game Theory and Bargaining Theory ; D44 - Auctions ; C92 - Laboratory; Group Behavior ; G1 - General Financial Markets
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005464032