Optimal market thickness

DOI10.1016/J.JET.2021.105383MaRDI QIDQ2123167zbMATH OpenOpenAlexFDO

Authors Simon Loertscher, Ellen V. Muir, P. G. Taylor

Publication date 8 April 2022

Published in Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.jet.2021.105383

zbMATH Keywords

(im)possibility of efficient tradedynamic mechanismsmarket thicknessposted-price mechanismstwo-sided private information

Mathematics Subject Classification ID

Mechanism design theory (91B03) Trade models (91B60)

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Cites work

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• Dynamic mechanism design: a Myersonian approach
• Efficiency of Large Double Auctions
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• Efficient mechanisms for bilateral trading
• Efficient sequential assignment with incomplete information
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• Optimal Auction Design
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• What is the optimal trading frequency in financial markets?

Cited in

(6)

• Bargaining in small dynamic markets
• Ready to trade? On budget-balanced efficient trade with uncertain arrival
• Thin versus thick CO\(_2\) market
• Auction timing and market thickness
• Quick or cheap? Breaking points in dynamic markets
• The matching benefits of market thickness

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