Doyon, Maurice; Rondeau, Daniel; Mbala, Richard - Centre Interuniversitaire de Recherche en Analyse des … - 2009
dramatically improve the flow of information among market pareticipants and increase efficiency. On the other hand, prevailing …, affect buyer and seller behavior and to assess how it impacts efficiency. The results show that the T-UPA significantly … lowers the equilibrium price and results in moderate efficiency losses. Most importantly, the T-UPA effectively counters the …