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

DOI10.1016/j.jedc.2022.104510OpenAlexW4293083569MaRDI QIDQ2098003

Yaosong Zhan, Dong Lu

Publication date: 17 November 2022

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

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

zbMATH Keywords

zero-intelligence tradersbubblesover-the-counter marketsagent-based modelsexperimental asset marketstrading institutions

Mathematics Subject Classification ID

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

Cites Work

• Institutional architectures and behavioral ecologies in the dynamics of financial markets
• Cooperation through imitation and exclusion in networks
• Crises and liquidity in over-the-counter markets
• Asset price bubbles and crashes with near-zero-intelligence traders
• Handbook of computational economics. Vol. 2: Agent-based computational economics
• Liquidity in Asset Markets With Search Frictions
• An Empirical Equilibrium Model of a Decentralized Asset Market
• The High-Frequency Trading Arms Race: Frequent Batch Auctions as a Market Design Response *
• Over-the-Counter Markets

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