Information and Dynamics: Sequences of Call Markets

Jasmina Arifovic and John Ledyard
Additional contact information
John Ledyard: California Institute of Technology

Information Systems Frontiers, 2003, vol. 5, issue 1, No 6, 39-45

Abstract: Abstract This paper is part of a wider research project with the objective of creating computational testbeds for designing and testing new mechanisms—new economic and political institutions. Here we illustrate the power of such an approach by testing two call market designs in a repeated demand-supply environment. We find there to be significant differences in performance depending on the information provided to the traders between calls. In particular, we find that both dynamic and static performance is better, less volitility and higher gains from trade, if traders receive less information between calls.

Keywords: call markets; adaptive behavior (search for similar items in EconPapers)
Date: 2003
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
http://link.springer.com/10.1023/A:1022089704530 Abstract (text/html)
Access to the full text of the articles in this series is restricted.

Related works:
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:spr:infosf:v:5:y:2003:i:1:d:10.1023_a:1022089704530

Ordering information: This journal article can be ordered from
http://www.springer.com/journal/10796

DOI: 10.1023/A:1022089704530

Access Statistics for this article

Information Systems Frontiers is currently edited by Ram Ramesh and Raghav Rao

More articles in Information Systems Frontiers from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().