because it is prone to rushes, i.e., all active bidders quitting simultaneously, that undermine its efficiency. Our second …

We explain how the common practice of size-discovery trade detracts from overallfinancial market efficiency. At each of …

allocative efficiency and incentive compatibility the main characteristics a mechanism should provide. Therefore, the … dissertation investigates the limits of conceivable relaxations of allocative efficiency and incentive compatibility for complex … settings such as double auctions, interdependent-valuation environments and electricity market designs. The overall aim is to …