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Alternating Double Auction Market

- A Game Theoretic and Experimental Investigation

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The most important results are that the equilibrium prices are independent of the number of traders and are always very close to - if not inside - the range of competitive prices. The latter can be evaluated as game theoretic support for the convergence of prices to the competitive price.

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  • Sprog:
  • Engelsk
  • ISBN:
  • 9783540648956
  • Indbinding:
  • Paperback
  • Sideantal:
  • 350
  • Udgivet:
  • 28. oktober 1998
  • Udgave:
  • 11998
  • Størrelse:
  • 234x156x19 mm.
  • Vægt:
  • 1130 g.
  • 8-11 hverdage.
  • 14. december 2024
Forlænget returret til d. 31. januar 2025

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The most important results are that the equilibrium prices are independent of the number of traders and are always very close to - if not inside - the range of competitive prices. The latter can be evaluated as game theoretic support for the convergence of prices to the competitive price.

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