Cervone, Roberto; Galavotti, Stefano; LiCalzi, Marco - Dipartimento di Matematica Applicata, Università Ca' … - 2009
Zhan and Friedman (2007) study double auctions where buyers and sellers are constrained to using simple markdown and markup rules. In spite of the alleged symmetry in roles and assumptions, buyers are shown to have the upper hand both in the call market and in the continuous double auction. We...