Over-the-counter versus double auction in asset markets with near-zero-intelligence traders

DOI10.1016/J.JEDC.2022.104510MaRDI QIDQ2098003zbMATH OpenOpenAlexFDO

Authors Dong Lu, Yaosong Zhan

Publication date 17 November 2022

Published in Journal of Economic Dynamics and Control (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.jedc.2022.104510

zbMATH Keywords

agent-based modelsbubblesexperimental asset marketsover-the-counter marketstrading institutionszero-intelligence traders

Mathematics Subject Classification ID

Game theory, economics, finance, and other social and behavioral sciences (91-XX)

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Cites work

• An empirical equilibrium model of a decentralized asset market
• Asset price bubbles and crashes with near-zero-intelligence traders
• Cooperation through imitation and exclusion in networks
• Crises and liquidity in over-the-counter markets
• Handbook of computational economics. Vol. 2: Agent-based computational economics
• Institutional architectures and behavioral ecologies in the dynamics of financial markets
• Liquidity in Asset Markets With Search Frictions
• Over-the-Counter Markets
• The high-frequency trading arms race: frequent batch auctions as a market design response

Cited in

(4)

• Simulating the madness of crowds: Price bubbles in an auction-mediated robot market
• Zero-Intelligence Trading Without Resampling
• Traditional and digital currencies in over-the-counter markets
• Asset price bubbles and crashes with near-zero-intelligence traders

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