Markups in double auction markets

Allocative Efficiency of Markets with Zero-Intelligence Traders: Market as a Partial Substitute for Individual Rationality

Dhananjay K. Gode, Shyam Sunder · Journal of Political Economy · 1993 · 1.7K citations

Social Sciences, Economics, Auction Theory +13

An Experimental Study of Competitive Market Behavior

Vernon L. Smith · Journal of Political Economy · 1962 · 1.1K citations

Social Sciences, Business Economics, Economics +12

Price Formation in Double Auctions

Steven Gjerstad, John Dickhaut · Games and Economic Behavior · 1998 · 371 citations

Business, Economics, Auction Theory +12

Convergence to Efficiency in a Simple Market with Incomplete Information

Aldo Rustichini, Mark A. Satterthwaite, Steven R. Williams · Econometrica · 1994 · 299 citations

Social Sciences, Economics, Game Theory +16

Price formation in double auction markets

Timothy N. Cason, Daniel Friedman · Journal of Economic Dynamics and Control · 1996 · 129 citations

Business, Economics, Auction Theory +12