Calendrier du 18 novembre 2019
Roy Seminar (ADRES)
Du 18/11/2019 de 17:00 à 18:30
salle R2-21, campus Jourdan - 75014 Paris
ROSTEK Marzena (University of Wisconsin Madison)
Exchange Design and Efficiency
In many markets, traders’ demands for an asset are contingent on the price of that asset alone rather than on the price of all assets they trade. We present a model based on the uniform-price double auction which accommodates arbitrary restrictions on cross-asset conditioning, including asset-by-asset market clearing (demand for each asset is conditioned on the price of that asset) and a single market clearing (demand for each asset is conditioned on the prices of all assets). If suitably designed, markets with limited demand conditioning are at least as efficient as a single market clearing for all traders and assets.
Paris Game Theory Seminar
Du 18/11/2019 de 11:30 à 12:30
Centre Emile Borel, Institut Henri Poincaré, 11 rue Pierre et Marie Curie, Paris 5ème
MOULIN Hervé (University of Glasgow)
Toto