Price Formation in Double Auctions

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

A Comparison of Posted-Offer and Double-Auction Pricing Institutions

Jon Ketcham, Vernon L. Smith, Arlington W. Williams · The Review of Economic Studies · 1984 · 202 citations

Business, Business Economics, Economics +16

A simple testable model of double auction markets

Daniel Friedman · Journal of Economic Behavior & Organization · 1991 · 140 citations

Business, Economics, Auction Theory +13

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