Convergence of Price Processes Under Two Dynamic Double Auctions

We study the convergence of two price processes generated by two dynamic double auctions (DA) and provide conditions under which the two price processes converge to a Walrasian equilibrium of the underlying economy. When the conditions are not satisfied, the price processes may converge to prices that form a bubble or a crash

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Year of publication:	2016
Authors:	Ma, Jinpeng
Other Persons:	Li, Qiongling (contributor)
Publisher:	[2016]: [S.l.] : SSRN
Subject:	Auktionstheorie \| Auction theory

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Extent:	1 Online-Ressource (34 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: Journal of Mechanism and Institution Design, (Forthcoming) Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments October 17, 2016 erstellt
Classification:	D44 - Auctions ; D50 - General Equilibrium and Disequilibrium. General
Source:	ECONIS - Online Catalogue of the ZBW

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