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Designing Online Exchange Platforms: Lessons from the Laboratory

Author

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  • Roumen Vragova

    (University of Arizona, USA)

Abstract

Imagine a worldwide web-based platform where anyone can shop for anything at any time of the day or night; A place where buyers and sellers from all over the world get together to exchange anything they want: currency, stocks and bonds, commodities, art, digital products and even ideas; A truly frictionless market. We are getting somewhat close, but we are not there yet. Internet annual trading volume is still dwarfed by the daily trading volumes on the FX market or any major stock or bond exchange.

Suggested Citation

  • Roumen Vragova, 2019. "Designing Online Exchange Platforms: Lessons from the Laboratory," Annals of Social Sciences & Management studies, Juniper Publishers Inc., vol. 3(5), pages 126-128, August.
    • Handle: RePEc:adp:oajasm:v:3:y:2019:i:5:p:126-128
    DOI: 10.19080/ASM.2019.03.555625
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    References listed on IDEAS

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    2. Van Boening, Mark V & Wilcox, Nathaniel T, 1996. "Avoidable Cost: Ride a Double Auction Roller Coaster," American Economic Review, American Economic Association, vol. 86(3), pages 461-477, June.
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    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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