Showing 1 - 8 of 8
Persistent link: https://www.econbiz.de/10002821865
Persistent link: https://www.econbiz.de/10000165493
We show that if limit orders are required to vary smoothly, then strategic (Nash) equilibria of the double auction mechanism yield competitive (Walras) allocations. It is not necessary to have competitors on any side of any market: smooth trading is a substitute for price wars. Inparticular,...
Persistent link: https://www.econbiz.de/10010263094
We show that if limit orders are required to vary smoothly, then strategic (Nash) equilibria of the double auction mechanism yield competitive (Walras) allocations. It is not necessary to have competitors on any side of any market: smooth trading is a substitute for price wars. In particular,...
Persistent link: https://www.econbiz.de/10010264920
Persistent link: https://www.econbiz.de/10002108592
Persistent link: https://www.econbiz.de/10003811695
Persistent link: https://www.econbiz.de/10001984462
We show that if limit orders are required to vary smoothly, then strategic (Nash) equilibria of the double auction mechanism yield competitive (Walras) allocations. It is not necessary to have competitors on any side of any market: smooth trading is a substitute for price wars. In particular,...
Persistent link: https://www.econbiz.de/10003782307