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The Double Auction Market: Institutions, Theories, and Evidence (Santa Fe Institute Studies in the Sciences of Complexity Proceedings)
The Double Auction Market Institutions Theories and Evidence - Santa Fe Institute Studies in the Sciences of Complexity Proceedings Author:Daniel Friedman, John Rust, WORKSHOP ON DOUBLE AUCTION MARKETS This book is a collection of papers focused on markets organized as double auctions (DA). In a double auction, both buyers and sellers can actively present bids (offers to buy) and asks (offers to sell) for standardized units of well-defined commodities and securities. A classic example of a DA market (known by practitioners as an open outcry ma... more »rket) is the commodity trading pit at the Chicago Board of Trade. A related process is a call market, which is used to determine opening prices on the New York Stock Exchange.« less