Convergence to Efficiency in a Simple Market with Incomplete Information

Keywords

Simple (philosophy), Convergence (economics), Mathematical economics, Economics, Complete information

References

• Convergence to Price-Taking Behavior in a Simple MarketAldo Rustichini, Mark A. Satterthwaite, Steven R. Williams — 1990
• Efficient and Durable Decision Rules with Incomplete InformationBengt Holmström, Roger B. Myerson — 1983
• Bilateral trade with the sealed bid k-double auction: Existence and efficiencyMark A. Satterthwaite, Steven R. Williams — 1989
• On Games of Incomplete InformationJin‐Yi Cai, Anne Condon, Richard J. Lipton — 1992
• Correlated Information and Mechanism DesignR. Preston McAfee, Philip J. Reny — 1992
• The Rate of Convergence to Efficiency in the Buyer's Bid Double Auction as the Market Becomes LargeMark A. Satterthwaite, Steven R. Williams — 1989
• Incentive Efficiency of Double AuctionsRobert Wilson — 1985
• A dominant strategy double auctionR. Preston McAfee — 1992

Cited by

• Days Without End: On the Stability of Experimental Single-Period Continuous Double Auction MarketsDave Cliff, Chris Preist — 2001
• The asymptotics of price and strategy in the buyer’s bid double auctionMark Satterthwaite, Steven R. Williams, Konstantinos E. Zachariadis — 2014
• The dynamic model of double auction marketHonghong Li — 2010
• Strategic Thinking and Subjective Expectations in a Double Auction ExperimentClaudia Neri — 2009
• Impacts of Paddy-Field Consolidation Projects on Farmland Rental Transactions: Application of Discrete Choice ModelYoji Kunimitsu — 2005
• Asset Pricing with Imperfect Competition and Endogenous Market LiquidityChristoph Heumann — 2007
• Mechanisms and Games for Dynamic Spectrum Allocation: FrontmatterTansu Alpcan, Tansu Alpcan, Tansu Alpcan — 2014
• Essays in optimal auction designBen Jarman — 2009
• Procurement with Downward Sloping DemandRoberto Burguet — 2005
• Approaches to mechanism design with boundedly rational agentsGabriel D. Carroll — 2012
• Asymptotically Optimal Market MechanismsTymon Tatur — 2001
• Stochastic stability in a double auctionMurali Agastya — 2004
• How to Open and Close the Market: Lessons from the London Stock ExchangeAndrew Ellul, Hyun Song Shin, Ian Tonks — 2003
• Equilibrium in the two-player, k-double auction with affiliated private valuesOhad Kadan — 2007
• Convergence of a Dynamic Matching and Bargaining Market with Two-sided Incomplete Information to Perfect CompetitionMark A. Satterthwaite, Artyom Shneyerov — 2003
• Have the Agricultural Public Investments Improved Rice Productivity through Farmland Usage Reallocation?: An Empirical Study on Japanese Paddy-field Rental TransactionsYoji Kunimitsu, Kunimitsu, Yoji — 2004
• Alternative Trading Systems: Does One Shoe Fit All?Nicolas Audet, Toni Gravelle, Jing Yang — 2002
• Competition and Regulation Via Supply and Demand Functions in Oligopolistic-Oligopsonistic MarketsHarun Bulut, Semih Koray, Bulut, Harun — 2008
• The Nature of Excess: Using Randomized Treatments to Investigate Price DynamicsOmar Al‐Ubaydli, John A. List, Michael Price — 2010
• The limit-price exchange processGaël Giraud — 2004

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