Limelight on Dark Markets: Theory and Experimental Evidence on Liquidity and Information
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DOI: 10.1016/j.jedc.2016.11.003
Abstract: We investigate how informational frictions affect trading in decentralized markets in theory and in a laboratory setting. Subjects, matched pairwise at random, trade divisible commodities that have different private values for a divisible asset with… read more here.
Keywords: information; dark markets; limelight dark; experimental evidence ... See more keywords