Showing 1 - 10 of 13
Persistent link: https://www.econbiz.de/10001753228
Persistent link: https://www.econbiz.de/10002388989
We study the evolution of trading strategies in double auctions as the size of the market gets larger. When the number of buyers and sellers is balanced, Fano et al. (2011) show that the choice of the order-clearing rule (simultaneous or asynchronous) steers the emergence of fundamentally...
Persistent link: https://www.econbiz.de/10014041092
Uniform-price auctions of a divisible good in fixed supply admit underpricing equilibria, where bidders submit high inframarginal bids to prevent competition on prices. The seller can obstruct this behavior by tilting her supply schedule and making the amount of divisible good on offer change...
Persistent link: https://www.econbiz.de/10014031095
We study the evolution of trading strategies in double auctions as the size of the market gets larger. When the number of buyers and sellers is balanced, Fano et al. (2011) show that the choice of the order-clearing rule (simultaneous or asynchronous) steers the emergence of fundamentally...
Persistent link: https://www.econbiz.de/10013123931
Uniform-price auctions of a divisible good in fixed supply admit underpricing equilibria, where bidders submit high inframarginal bids to prevent competition on prices. The seller can obstruct this behavior by tilting her supply schedule and making the amount of divisible good on offer change...
Persistent link: https://www.econbiz.de/10008665294
Persistent link: https://www.econbiz.de/10003889286
Persistent link: https://www.econbiz.de/10009235231
Persistent link: https://www.econbiz.de/10009268743
Persistent link: https://www.econbiz.de/10009773934