The Double Auction Market

Institutions, Theories, And Evidence

Daniel Friedman, John Rust (Autoren)

Buch | Softcover

456 Seiten

1993
Westview Press Inc (Verlag)
978-0-201-62459-5 (ISBN)

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This book focuses on markets organized as double auctions in which both buyers and sellers can submit bids and asks for standardized units of well-defined commodities and securities. It examines evidence from the laboratory and computer simulations.

Daniel Friedman

About the Santa Fe Institute -- Santa Fe Institute Editorial Board June 1991 -- Santa Fe Institute Studies in the Sciences of Complexity -- Preface -- Institutions -- The Double Auction Market Institution: A Survey -- Automating the Continuous Double Auction in Practice: Automated Trade Execution Systems in Financial Markets -- Theories -- Theories of Price Formation and Exchange in Double Oral Auctions -- The Bayesian Theory of the k-Double Auction -- Design of Efficient Trading Procedures -- Behavior of Trading Automata in a Computerized Double Auction Market -- Lower Bounds for Efficiency of Surplus Extraction in Double Auctions -- Some Effects of Restricting the Electronic Order Book in an Automated Trade Execution System -- An Empirical Analysis of Price Formation in Double Auction Markets -- Buyer’s Bid Double Auctions: Preliminary Experimental Results -- Designing a Uniform-Price Double Auction: An Experimental Evaluation -- On The Anatomy of the “Nonfacilitating” Features of the Double Auction Institution in Conspiratorial Markets -- Convergence in Experimental Double Auctions for Stochastically Lived Assets -- Liquidity and Persistence of Arbitrage in Experimental Options Markets

Erscheint lt. Verlag	21.3.1993
Sprache	englisch
Maße	152 x 229 mm
Gewicht	453 g
Themenwelt	Wirtschaft ► Allgemeines / Lexika
	Wirtschaft ► Betriebswirtschaft / Management ► Finanzierung
	Wirtschaft ► Volkswirtschaftslehre
ISBN-10	0-201-62459-1 / 0201624591
ISBN-13	978-0-201-62459-5 / 9780201624595
Zustand	Neuware