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Computerized Double-Auction Markets: Some Initial Experimental Results

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  • Williams, Arlington W

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  • Williams, Arlington W, 1980. "Computerized Double-Auction Markets: Some Initial Experimental Results," The Journal of Business, University of Chicago Press, vol. 53(3), pages 235-258, July.
  • Handle: RePEc:ucp:jnlbus:v:53:y:1980:i:3:p:235-58
    DOI: 10.1086/296084
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    Cited by:

    1. Koji Kotani & Kenta Tanaka & Shunsuke Managi, 2019. "Which performs better under trader settings, double auction or uniform price auction?," Experimental Economics, Springer;Economic Science Association, vol. 22(1), pages 247-267, March.
    2. Satoshi Kanazawa, 2004. "The Savanna Principle," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 25(1), pages 41-54.
    3. Miller, Ross M., 2008. "Don't let your robots grow up to be traders: Artificial intelligence, human intelligence, and asset-market bubbles," Journal of Economic Behavior & Organization, Elsevier, vol. 68(1), pages 153-166, October.
    4. Brice Corgnet & Cary Deck & Mark DeSantis & Kyle Hampton & Erik O. Kimbrough, 2023. "When Do Security Markets Aggregate Dispersed Information?," Management Science, INFORMS, vol. 69(6), pages 3697-3729, June.
    5. Roberts, Clark A. & Forster, D. Lynn, 1986. "Comparing Oral and Electronic Double Auction Markets: An Experimental Approach," 1986 Annual Meeting, July 27-30, Reno, Nevada 278101, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    6. Ackert, Lucy F. & Church, Bryan & Jayaraman, Narayanan, 2001. "An experimental study of circuit breakers: The effects of mandated market closures and temporary halts on market behavior," Journal of Financial Markets, Elsevier, vol. 4(2), pages 185-208, April.
    7. Kimbrough, Erik O. & Smyth, Andrew, 2018. "Testing the boundaries of the double auction: The effects of complete information and market power," Journal of Economic Behavior & Organization, Elsevier, vol. 150(C), pages 372-396.
    8. Vernon Smith, 2002. "Method in Experiment: Rhetoric and Reality," Experimental Economics, Springer;Economic Science Association, vol. 5(2), pages 91-110, October.
    9. Timilsina, Raja Rajendra & Kotani, Koji, 2017. "Evaluating the potential of marketable permits in a framed field experiment: Forest conservation in Nepal," Journal of Forest Economics, Elsevier, vol. 29(PA), pages 25-37.
    10. Jorrat, Diego, 2021. "Recruiting experimental subjects using WhatsApp," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 90(C).
    11. Ackert, Lucy F. & Church, Bryan K. & Zhang, Ping, 2018. "Informed traders’ performance and the information environment: Evidence from experimental asset markets," Accounting, Organizations and Society, Elsevier, vol. 70(C), pages 1-15.
    12. Caginalp, Gunduz & Porter, David & Smith, Vernon, 2000. "Momentum and overreaction in experimental asset markets," International Journal of Industrial Organization, Elsevier, vol. 18(1), pages 187-204, January.
    13. Timilsina, Raja Rajendra & Kotani, Koji, 2017. "Evaluating the potential of marketable permits in a framed field experiment: Forest conservation in Nepal," Journal of Forest Economics, Elsevier, vol. 29(PA), pages 25-37.
    14. Erik O. Kimbrough & Andrew Smyth, 2017. "Testing the Boundaries of the Double Auction," Discussion Papers dp17-05, Department of Economics, Simon Fraser University.
    15. D. Friedman & G.W. Harrison & J.W. Salmon, 1982. "Asset Valuation in an Experimental Market: Comment," Economics Discussion / Working Papers 82-11, The University of Western Australia, Department of Economics.
    16. Buda, Rodolphe, 1999. "Quantitative Economic Modeling vs Methodological Individualism ?," MPRA Paper 4004, University Library of Munich, Germany.
    17. Tuttle, Brad & Coller, Maribeth & Burton, F. Greg, 1997. "An examination of market efficiency: Information order effects in a laboratory market," Accounting, Organizations and Society, Elsevier, vol. 22(1), pages 89-103, January.
    18. Eric M. Aldrich & Kristian López Vargas, 2020. "Experiments in high-frequency trading: comparing two market institutions," Experimental Economics, Springer;Economic Science Association, vol. 23(2), pages 322-352, June.
    19. Oehler, Andreas & Unser, Matthias, 1998. "Market Transparency and Call Markets," Discussion Papers 6, University of Bamberg, Chair of Finance.

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