Order aggressiveness and the diagonal effect in experimental double auction markets

Christophe Majois

Economics Letters, 2010, vol. 107, issue 2, 304-309

Abstract: This paper analyzes the behavior of players in experimental double auction markets. We show that the "diagonal effect", a well-known phenomenon observed in real markets, also shows up in experimental markets and is mainly due to order splitting.

Keywords: Diagonal; effect; Experimental; markets; Traders'; behavior; Order; splitting (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:107:y:2010:i:2:p:304-309

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