The unmediated call auction is a useful trading mechanism to aggregate dispersedinformation. Its ability to incorporate … auction game where both auction prices and limit prices of uninformed tradersre°ect potential insider information. The … predictions of the model are tested inthe laboratory. While an insider improves the call auction outcomes in terms ofincreasing …

The results of an asset market experiment, in which 64 subjects trade two assets oneight markets in a computerized … continuous double auction, indicate that objectivelyirrelevant information influences trading behavior. Moreover, positively and …

A great deal of late bidding has been observed on internet auctions such as ebay, which employ a second price auction … employ similar auction rules, but use an ending rule that automatically extends the auction if necessary after the scheduled … close until ten minutes have passed without a bid. This paper reports an experiment that allows us to examine the effect of …

arbitrage seekingstrategy are introduced in a double auction market experiment with humansubjects in the laboratory. As a …

Two auction mechanisms are studied in which players compete with one another for an exogenously determined prize by … lowest (highest) bid auction game, the winner of the prize is the player who submits the lowest (highest) bid provided that …-negative cost of entry, and an option to stay out of the auction if the entry cost is deemed too high, we propose an algorithm for …