Efficiency of continuous double auctions under individual evolutionary learning with full or limited information

Volume: 23, Issue: 3, Pages: 539 - 573
Published: May 27, 2011
Abstract
In this paper we explore how specific aspects of market transparency and agents’ behavior affect the efficiency of the market outcome. In particular, we are interested whether learning behavior with and without information about actions of other participants improves market efficiency. We consider a simple market for a homogeneous good populated by buyers and sellers. The valuations of the buyers and the costs of the sellers are given...
Paper Details
Title
Efficiency of continuous double auctions under individual evolutionary learning with full or limited information
Published Date
May 27, 2011
Volume
23
Issue
3
Pages
539 - 573
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