Stackelberg Beats Cournot — On Collusion and Efficiency in Experimental Markets

Experimental evidence on trading behavio

Experimental evidence on trading behavior, market efficiency and price formation in double auctions with unknown trading duration

✍ Darren Duxbury 📂 Article 📅 2005 🏛 John Wiley and Sons 🌐 English ⚖ 351 KB

## Abstract The reasons for the highly efficient market outcomes observed under the double auction remain unclear. This paper presents a series of experimental financial markets designed to investigate the importance of unknown trading period duration on trading behavior and the convergence tendenc