Published March 1990
| public
Journal Article
The Multiple Unit Double Auction
- Creators
-
Plott, Charles R.
- Gray, Peter
Abstract
The note outlines institutional features of an open outcry market that permit multiple unit or "block" trades. The purpose of the note is to introduce the process as a tool to be used in economics experiments. The detailed rules governing the multiple unit double auction (MUDA) are stated for the case where that use the rules are reported as a demonstration that convergence to the equilibrium price traditionally observed in experimental markets remains with the use of the MUDA process.
Additional Information
© 1990 Elsevier Science Publishers B.V. (North-Holland). Received November 1988, final version received May 1989. The financial support of the National Science Foundation, the Caltech Program of Enterprise and Public- Policy, and the Caltech Laboratory for Experimental Economics and Political Science is gratefully acknowledged. We also wish to thank Mitch Loescher for his research assistance.Additional details
- Eprint ID
- 43904
- Resolver ID
- CaltechAUTHORS:20140220-115941137
- NSF
- Caltech Program for Enterprise and Public Policy
- Caltech Laboratory for Experimental Economics and Political Science
- Created
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2014-02-20Created from EPrint's datestamp field
- Updated
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2021-11-10Created from EPrint's last_modified field