The Effect of Intertemporal Speculation on the Outcomes in Seller Posted Offer Auction Markets

Elizabeth Hoffman and Charles Plott ()

The Quarterly Journal of Economics, 1981, vol. 96, issue 2, 223-241

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.

Date: 1981
References: Add references at CitEc
Citations: View citations in EconPapers (6)

Downloads: (external link)
http://hdl.handle.net/10.2307/1882389 (application/pdf)
Access to full text is restricted to subscribers.

Related works:
Working Paper: The Effect of Intertemporal Speculation on the Outcomes in Seller Posted Offer Auction Markets
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:oup:qjecon:v:96:y:1981:i:2:p:223-241.

Ordering information: This journal article can be ordered from
https://academic.oup.com/journals

Access Statistics for this article

The Quarterly Journal of Economics is currently edited by Robert J. Barro, Lawrence F. Katz, Nathan Nunn, Andrei Shleifer and Stefanie Stantcheva

More articles in The Quarterly Journal of Economics from President and Fellows of Harvard College
Bibliographic data for series maintained by Oxford University Press ().