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. doi:10.1016/0167-2681(90)90089-V. 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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| 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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| Issue or Number: | 2 | ||||||||||||
| DOI: | 10.1016/0167-2681(90)90089-V | ||||||||||||
| 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: | 10 Nov 2021 16:44 |
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