The effects of nonstationarities on performance in call markets
Article Abstract:
An experimental analysis shows that nonstationarities affect call markets positively. Aspects of demand or supply conditions that are repeatitive and systematic results to reduction of transaction costs and more accurate determination of equilibrium price movement cause. Nonstationarities are shown to have a more desirable effect on the performance of call markets than double auctions.
Publication Name: Journal of Economic Behavior & Organization
Subject: Economics
ISSN: 0167-2681
Year: 1997
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The quality of the signal matters - a note on imperfect observability and the timing of moves
Article Abstract:
Research is presented concerning the conclusions predicted by Huck and Muller following the analysis of first movers in a market which is experimental. The effect of noise on commitment power is discussed.
Publication Name: Journal of Economic Behavior & Organization
Subject: Economics
ISSN: 0167-2681
Year: 2001
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Allowing for two production periods in the Cournot duopoly: experimental evidence
Article Abstract:
Behavior of two production periods in a Cournot duopoly market is compared to that of one production period model.
Publication Name: Journal of Economic Behavior & Organization
Subject: Economics
ISSN: 0167-2681
Year: 2006
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