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The Multiple Unit Double Auction

Plott, Charles R. and Gray, Peter (1990) The Multiple Unit Double Auction. Journal of Economic Behavior and Organization, 13 (2). pp. 245-258. ISSN 0167-2681. https://resolver.caltech.edu/CaltechAUTHORS:20140220-115941137

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Abstract

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 that use the rules are reported as a demonstration that convergence to the equilibrium price traditionally observed in experimental markets remains with the use of the MUDA process.


Item Type:Article
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http://dx.doi.org/10.1016/0167-2681(90)90089-V DOIArticle
http://www.sciencedirect.com/science/article/pii/016726819090089VPublisherArticle
http://resolver.caltech.edu/CaltechAUTHORS:20170912-131831695Related ItemWorking Paper
Additional Information:© 1990 Elsevier Science Publishers B.V. (North-Holland). Received November 1988, final version received May 1989. The financial support of the National Science Foundation, the Caltech Program of Enterprise and Public- Policy, and the Caltech Laboratory for Experimental Economics and Political Science is gratefully acknowledged. We also wish to thank Mitch Loescher for his research assistance.
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Caltech Program for Enterprise and Public PolicyUNSPECIFIED
Caltech Laboratory for Experimental Economics and Political ScienceUNSPECIFIED
Issue or Number:2
Record Number:CaltechAUTHORS:20140220-115941137
Persistent URL:https://resolver.caltech.edu/CaltechAUTHORS:20140220-115941137
Official Citation:Charles R. Plott, Peter Gray, The multiple unit double auction, Journal of Economic Behavior & Organization, Volume 13, Issue 2, March 1990, Pages 245-258, ISSN 0167-2681, http://dx.doi.org/10.1016/0167-2681(90)90089-V. (http://www.sciencedirect.com/science/article/pii/016726819090089V)
Usage Policy:No commercial reproduction, distribution, display or performance rights in this work are provided.
ID Code:43904
Collection:CaltechAUTHORS
Deposited By: Susan Vite
Deposited On:20 Feb 2014 21:22
Last Modified:03 Oct 2019 06:12

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