Abstract
We introduced a new market institution called the alternating double auction market. In contrast to the traditional (oral or computerized) continuous-time double auction market, this institution can be completely described as a game in extensive form. Thus, the advantage of the alternating double auction market, compared to the continuous-time double auction market, is that it allows a game theoretic analysis without the problem of ambiguity with respect to the parameterization of time.
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© 1998 Springer-Verlag Berlin Heidelberg
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Sadrieh, A. (1998). Concluding Remarks. In: The Alternating Double Auction Market. Lecture Notes in Economics and Mathematical Systems, vol 466. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-58953-9_5
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DOI: https://doi.org/10.1007/978-3-642-58953-9_5
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-540-64895-6
Online ISBN: 978-3-642-58953-9
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