The limit-price mechanism.
This standard Shapley-Shubik strategic market game with two commodities (the double auctions) is generalized to a multi-commodity fully symmetric trading model. As a result the proper Shapley's windows model extends to allow for limit orders in addition to market orders. It is noted that the problem can be considered as an idealized description of the functioning of foreign exchange markets -- or even of those together with the major securities and commodities.
scientific article; zbMATH DE number 1965139
scientific article