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Plott et al., 2017 - Google Patents

Call market experiments: Efficiency and price discovery through multiple calls and emergent Newton adjustments

Plott et al., 2017

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Document ID
8915330903304758502
Author
Plott C
Pogorelskiy K
Publication year
Publication venue
American Economic Journal: Microeconomics

External Links

Snippet

We study multiple-unit, laboratory experimental call markets in which orders are cleared by a single price at a scheduled “call.” The markets are independent trading “days” with two calls each day preceded by a continuous and public order flow. Markets approach the competitive …
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