Hey, John D.; Cagno, Daniela Di - Department of Economics and Related Studies, University … - 2013
clearing house, where bids and asks are placed once in a trading period, and which are then cleared by an aggregating device …. We thus have four treatments, the pairwise combinations of simultaneous/sequential with double auction/clearing house. We … surpluses are higher with the double auction than the clearing house. We suspect that the double auction, although on the …