1) La descarga del recurso depende de la página de origen
2) Para poder descargar el recurso, es necesario ser usuario registrado en Universia


Opción 1: Descargar recurso

Detalles del recurso

Descripción

The note outlines institutional features of an open outcry market that permit multiple unit or "block" trades. The purpose of the note is to introduce the process as a tool to be used in economics experiments. The detailed rules governing the multiple unit double auction (MUDA) are stated for the case where offers are tendered by voice as opposed to through a computer. The results of markets that use the rules are reported as a demonstration that convergence to equilibrium price traditionally observed in experimental markets remains with the use of the MUDA process.

Pertenece a

Caltech Authors  

Autor(es)

Plott, Charles R. -  Gray, Peter - 

Id.: 70084285

Versión: 1.0

Estado: Final

Tipo:  application/pdf - 

Tipo de recurso: Report or Paper  -  PeerReviewed  - 

Tipo de Interactividad: Expositivo

Nivel de Interactividad: muy bajo

Audiencia: Estudiante  -  Profesor  -  Autor  - 

Estructura: Atomic

Coste: no

Copyright: sí

Formatos:  application/pdf - 

Requerimientos técnicos:  Browser: Any - 

Relación: [References] http://resolver.caltech.edu/CaltechAUTHORS:20170912-131831695
[References] http://authors.library.caltech.edu/81363/

Fecha de contribución: 13-sep-2017

Contacto:

Localización:
* Plott, Charles R. and Gray, Peter (1989) The Multiple Unit Double Auction. Social Science Working Paper, 625. California Institute of Technology , Pasadena, CA. (Unpublished) http://resolver.caltech.edu/CaltechAUTHORS:20170912-131831695

Otros recursos del mismo autor(es)

  1. Rational Expectations and the Aggregation of Diverse Information in Laboratory Security Markets The study explores the information aggregation properties of experimental markets in which a fully r...
  2. Dimensions of Parallelism: Some Policy Applications of Experimental Methods This paper outlines several strategies that have been employed in attempts to use experimental metho...
  3. An Experimental Analysis of Public Goods Provision Mechanisms with and without Unanimity The paper reports on an experimental investigation of four methods of allocating public goods. The t...
  4. Laboratory Experiments in Economics: The Implications of Posted-Price Institutions A laboratory experimental methodology has been developing in economics in recent years. The nature o...
  5. Rational Choice in Experimental Markets The theory of rational behavior has several different uses. (i) It is used at the most fundamental l...

Otros recursos de la mismacolección

  1. Population regulation in microbial consortia using dual feedback control An ongoing area of study in synthetic biology has been the design and construction of synthetic circ...
  2. Quantum dynamics of thermalizing systems We introduce a method "DMT" for approximating density operators of 1D systems that, when combined wi...
  3. NuSTAR spectral analysis of two bright Seyfert 1 galaxies: MCG +8-11-11 and NGC 6814 We report on the NuSTAR observations of two bright Seyfert 1 galaxies, namely MCG +8-11-11 (100 ks) ...
  4. Casimir recursion relations for general conformal blocks We study the structure of series expansions of general spinning conformal blocks. We find that the t...
  5. Analytical Models for the Thrust of a Rotating Detonation Engine Two models are proposed for rotating detonation engine performance. The first model is motivated by...

Aviso de cookies: Usamos cookies propias y de terceros para mejorar nuestros servicios, para análisis estadístico y para mostrarle publicidad. Si continua navegando consideramos que acepta su uso en los términos establecidos en la Política de cookies.