Double Auction Market - University of Virginia
Overview: This program runs a double auction in which buyers and sellers submit bids and offers in any order. This is called a double auction because bids tend to increase as in an English auction (e.g. for antiques), and at the same time, offers tend to decrease.
EconPort - Double Auction
This modification to the trading rules, which is known as a double auction since both buyers and sellers are active, leads quickly and accurately to the predictions of the competitive market model. As described by Smith [1982], these experiments provide an important insights into the competitive model.
Double Auction | Encyclopedia MDPI
A double auction is a process of buying and selling goods when potential buyers submit their bids and potential sellers simultaneously submit their ask prices to an auctioneer, and then an auctione...
The Double Auction Market : Institutions, Theories, And Evidence
May 4, 2018 · We define a double auction mechanism, treating in a unified way finite and infinite markets, allowing for ties in reported values, and not imposing any regularity assumptions. It is the first such…
We consider double auctions in which there is one commodity in the market with multiple buyers and sellers each submitting a single bid to either buy or sell one unit of the commodity (for example, see [10]).
We study a double auction environment where buyers and sellers have inter-dependent valuations and multi-unit demand and supply. We propose a new mechanism that satisfies ex post incentive compatibility, individual rationality, feasibility, nonwastefulness, and no budget deficit.
We then conduct experimental double auctions to investigate whether such shifts do in fact depress observed prices. One important feature of our initial set of double auction experiments is that they hold the value distributions xed through use of a queue of buyers
Designing double auctions is a complex problem, especially when there are restrictions on the sets of buyers and sellers that may trade with one another. The goal of this paper is to develop “black-box reductions” from double-auction design to the exhaustively-studied problem of designing single-sided mechanisms.
Double Auctions - SpringerLink
Jan 1, 2014 · The periodic double auction is a sealed-bid auction in which potential buyers and sellers have one period of time to submit their bids or asks. Then the auctioneer determines the items to be exchanged and a new auction starts.
We advocate a modular approach to the design of double auctions, which is applicable to complex feasibility constraints on both sides of the market. All of the resulting double auction mechanisms are deterministic. The modular approach breaks the design task into two subtasks: (a) the design of two one-sidedalgorithmsand (b)
- Some results have been removed