Theories of Price Formation and Exchange in Double Oral Auctions

David Easley () and John. Ledyard

No 611, Working Papers from California Institute of Technology, Division of the Humanities and Social Sciences

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Published in The Double Auction Market: Institutions, Theories and Evidence, edited by D. Friedman, J. Geankoplos, D. Lane, and J. Rust, Santa Fe Institute Studies in the Sciences of Complexity, Proceedings Volume XV., Addison-Wesley 1992.

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