Double auctions with no-loss constrained traders
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DOI: 10.1007/s11238-017-9627-7
Abstract: Do hard budget constraints work in favour or against truth telling in double auctions? McAfee (1992) constructed a simple double auction mechanism (MDA), which is strategyproof and minimally inefficient, but may resort to dual prices,… read more here.
Keywords: mda; loss constrained; auctions loss; double auctions ... See more keywords