Kirstein, Roland (contributor); … - 2003 - [Elektronische Ressource]
bidding and accepting
behavior.6 Textbook microeconomics assumes that all transactions are conducted at the
same price. This …
ity. The bidding process, however, took longer and did oscillated more erratically around the equilibrium
interval … to determine
by themselves, through the process of bidding and spontaneous order, what the efficient
12
allocation …