Showing 241 - 250 of 2,682
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/10000126429
Persistent link: https://www.econbiz.de/10002108382
Persistent link: https://www.econbiz.de/10002108390
Persistent link: https://www.econbiz.de/10002108405
Persistent link: https://www.econbiz.de/10002108448
Persistent link: https://www.econbiz.de/10002108454
Persistent link: https://www.econbiz.de/10002108504
Persistent link: https://www.econbiz.de/10002108516
Persistent link: https://www.econbiz.de/10002108534