Browsing Statistisk sentralbyrås publikasjonsserier / Published by Statistics Norway by Subject "JEL classification: D44"
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A laboratory stress-test of bid, double and offer auctions
(Discussion Papers;No. 327, Working paper, 2002)Abstract: This paper reports on the empirical properties of the bid auction (buyers propose prices), offer auction (sellers suggest prices) and double auction (both buyers and seller initiate price quotes). These trading ... -
Voting rules and endogenous trading institutions: An experimental study
(Discussion Papers;No. 328, Working paper, 2002)Abstract: This paper reports on recurring laboratory elections in which buyers and sellers choose institutional rules to govern a subsequent trading round. The bid auction (buyers propose prices), offer auction (sellers ...