Gallegati, Mauro; Giulioni, Gianfranco; Kirman, Alan; … - In: Journal of Economic Behavior & Organization 80 (2011) 1, pp. 20-33
In this paper we analyze the Ancona wholesale fish market (MERITAN) where transactions take place in three simultaneous Dutch auctions. Our objective is to characterize the behavior of market participants and, in particular, that of buyers in such a market structure. Our analysis shows that...