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2,120
Price Formation in Double Auctions
- GAMES AND ECONOMIC BEHAVIOR
, 1998
"... We develop a model of information processing and strategy choice for participants in a double auction. Sellers in this model form beliefs that an offer will be accepted by some buyer. Similarly, buyers form beliefs that a bid will be accepted. These beliefs ..."
Abstract
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Cited by 167 (6 self)
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We develop a model of information processing and strategy choice for participants in a double auction. Sellers in this model form beliefs that an offer will be accepted by some buyer. Similarly, buyers form beliefs that a bid will be accepted. These beliefs
Asset prices under habit formation and catching up with the Joneses
- AMERICAN ECONOMIC REVIEW PAPERS AND PROCEEDINGS 80
, 1990
"... ..."
The Framing Effect of Price Format
- Working Paper, Harvard Business School
, 2006
"... Existing evidence suggests that preferences are affected by whether a price is presented as one allinclusive expense or partitioned into a series of charges. To explain this phenomenon, we propose a simple psychological mechanism whereby price format determines how many product attributes are active ..."
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Cited by 3 (1 self)
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Existing evidence suggests that preferences are affected by whether a price is presented as one allinclusive expense or partitioned into a series of charges. To explain this phenomenon, we propose a simple psychological mechanism whereby price format determines how many product attributes
Spatial competition and price formation
- PHYSICA A 287 (2000), 546--562
, 2000
"... We look at price formation in a retail setting, that is, companies set prices, and consumers either accept prices or go someplace else. In contrast to most other models in this context, we use a two-dimensional spatial structure for information transmission, that is, consumers can only learn from ..."
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We look at price formation in a retail setting, that is, companies set prices, and consumers either accept prices or go someplace else. In contrast to most other models in this context, we use a two-dimensional spatial structure for information transmission, that is, consumers can only learn
Transparency and Price Formation∗
, 2014
"... We study the role that price transparency plays in determining the efficiency and surplus division in a sequential bargaining model of price formation with asymmetric information. Under natural assumptions on type distributions, and for any discount factor, we show that the unobservability of past n ..."
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We study the role that price transparency plays in determining the efficiency and surplus division in a sequential bargaining model of price formation with asymmetric information. Under natural assumptions on type distributions, and for any discount factor, we show that the unobservability of past
Embeddedness and Price Formation in
- Corporate Law Market.” American Sociological Review
, 2004
"... Prices are a crucial and thrifty piece of infor-mation bound to almost all commercial goods or services. Familiar terms such as price discrimination, price wars, price fixing, con-sumer price indices, price rigidity, shadow prices, price tags, and so on signify the key role of prices in society and ..."
Abstract
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Cited by 4 (0 self)
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Prices are a crucial and thrifty piece of infor-mation bound to almost all commercial goods or services. Familiar terms such as price discrimination, price wars, price fixing, con-sumer price indices, price rigidity, shadow prices, price tags, and so on signify the key role of prices in society
Transparency, liquidity and price formation
- In Proceedings of the 57th European Meeting of the Econometric Society
"... riana Pellizzon, Sonia Petrone and seminar participants at Toulouse and Padua Univer-sity for helpful comments. I thank Pietro Perotti for research assistance. The usual dis-claimer applies. I aknowledge financial support from Bocconi University (”Ricerca di Base ” project). 1 ..."
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Cited by 1 (0 self)
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riana Pellizzon, Sonia Petrone and seminar participants at Toulouse and Padua Univer-sity for helpful comments. I thank Pietro Perotti for research assistance. The usual dis-claimer applies. I aknowledge financial support from Bocconi University (”Ricerca di Base ” project). 1
Available from Price Format
, 1994
"... This work is copyright. Apart from any use as permitted under the ..."
Trader Anonymity, Price Formation and Liquidity
, 2003
"... Using data from the Frankfurt Stock Exchange we analyze price formation and liquidity in a non-anonymous environment with similarities to the floor of the NYSE. Our main hypothesis is that the non-anonymity allows the specialist to assess the probability that a trader trades on the basis of private ..."
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Cited by 9 (4 self)
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Using data from the Frankfurt Stock Exchange we analyze price formation and liquidity in a non-anonymous environment with similarities to the floor of the NYSE. Our main hypothesis is that the non-anonymity allows the specialist to assess the probability that a trader trades on the basis
An empirical behavioral model of price formation
"... Although behavioral economics has demonstrated that there are many situations where rational choice is a poor empirical model, it has so far failed to provide quantitative models of economic problems such as price formation. We make a step in this direction by developing empirical models that captu ..."
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Cited by 1 (0 self)
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Although behavioral economics has demonstrated that there are many situations where rational choice is a poor empirical model, it has so far failed to provide quantitative models of economic problems such as price formation. We make a step in this direction by developing empirical models
Results 1 - 10
of
2,120