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Costly Offers and the Equilibration Properties of the Multiple Unit Double Auction Under Conditions of Unpredictable Shifts of Demand and Supply

Author

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  • Jamison, Julian C.
  • Plott, Charles R.

Abstract

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Suggested Citation

  • Jamison, Julian C. & Plott, Charles R., 1994. "Costly Offers and the Equilibration Properties of the Multiple Unit Double Auction Under Conditions of Unpredictable Shifts of Demand and Supply," Working Papers 906, California Institute of Technology, Division of the Humanities and Social Sciences.
  • Handle: RePEc:clt:sswopa:906
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    File URL: http://www.hss.caltech.edu/SSPapers/sswp906c.pdf
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    2. Morten Søberg, 2002. "A laboratory stress-test of bid, double and offer auctions," Discussion Papers 327, Statistics Norway, Research Department.
    3. Crowley, Steve & Sade, Orly, 2004. "Does the option to cancel an order in a double auction market matter?," Economics Letters, Elsevier, vol. 83(1), pages 89-97, April.
    4. Ortmann, Andreas, 2003. "Charles R. Plott's collected papers on the experimental foundations of economic and political science," Journal of Economic Psychology, Elsevier, vol. 24(4), pages 555-575, August.
    5. Morten Søberg, 1999. "Asymmetric Information and International Tradable Quota Treaties. An experimental evaluation," Discussion Papers 248, Statistics Norway, Research Department.
    6. Morten Søberg, 2000. "Imperfect competition, sequential auctions, and emissions trading: An experimental evaluation," Discussion Papers 280, Statistics Norway, Research Department.
    7. Morten Søberg, 2000. "Price Expectations and International Quota Trading: An Experimental Evaluation," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 17(3), pages 259-277, November.
    8. Plott, Charles & Roy, Nilanjan & Tong, Baojia, 2013. "Marshall and Walras, disequilibrium trades and the dynamics of equilibration in the continuous double auction market," Journal of Economic Behavior & Organization, Elsevier, vol. 94(C), pages 190-205.
    9. 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.
    10. Søberg, Morten, 2003. "A laboratory stress-test of bid, double and offer auctions," Memorandum 05/2002, Oslo University, Department of Economics.
    11. Charles R. Plott, 2000. "Markets as Information Gathering Tools," Southern Economic Journal, John Wiley & Sons, vol. 67(1), pages 1-15, July.
    12. Paul Brewer & Maria Huang & Brad Nelson & Charles Plott, 2002. "On the Behavioral Foundations of the Law of Supply and Demand: Human Convergence and Robot Randomness," Experimental Economics, Springer;Economic Science Association, vol. 5(3), pages 179-208, December.
    13. Albert Ballinger & Gerald P. Dwyer & Ann B. Gillette, 2004. "Trading institutions and price discovery: the cash and futures markets for crude oil," FRB Atlanta Working Paper 2004-28, Federal Reserve Bank of Atlanta.
    14. Katerina Sherstyuk & Krit Phankitnirundorn & Michael J. Roberts, 2021. "Randomized double auctions: gains from trade, trader roles, and price discovery," Experimental Economics, Springer;Economic Science Association, vol. 24(4), pages 1325-1364, December.

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