Published May 1981
| public
Journal Article
The Effect of Intertemporal Speculation on the Outcomes in Seller Posted Offer Auction Markets
- Creators
- Hoffman, Elizabeth
-
Plott, Charles R.
Abstract
This paper extends the experimental examination of posted offer auction markets to a market with intertemporal speculators. Previous experimental results demonstrate that posted offer markets induce inefficiencies, and also an income distribution that works to the disadvantage of those facing posted prices. The results of this paper suggest that these properties of the posted offer institution hold in the presence of intertemporal speculation.
Additional Information
© 1981 by the President and Fellows of Harvard College. The financial support of the National Science Foundation and the Caltech Program for Enterprise and Public Policy is gratefully acknowledged. Edward C. Kokkelenberg helped recruit subjects and run experiments.Additional details
- Eprint ID
- 43901
- Resolver ID
- CaltechAUTHORS:20140220-111730862
- NSF
- Caltech Program for Enterprise and Public Policy
- Created
-
2014-02-20Created from EPrint's datestamp field
- Updated
-
2019-10-03Created from EPrint's last_modified field
- Caltech groups
- Social Science Working Papers
- Other Numbering System Name
- Social Science Working Paper
- Other Numbering System Identifier
- 241