Impact of second-order uncertainty on the efficiency of the 0.5-double auction

Kang Rong

Mathematical Social Sciences, 2013, vol. 65, issue 1, 67-71

Abstract: This paper studies the impact of second-order uncertainty on the (ex-post) efficiency of the 0.5-double auction. We consider a discrete double auction model in which the seller’s valuation is either v¯s or v¯s and the buyer’s valuation is either v¯b or v¯b with 0=v¯sDate: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:eee:matsoc:v:65:y:2013:i:1:p:67-71

DOI: 10.1016/j.mathsocsci.2012.08.001

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