Does the option to cancel an order in a double auction market matter?

Economics Letters

Volumn 83, Issue 1, 2004, Pages 89-97

  Crowley, Steve ^a   Sade, Orly ^b  

^a MONTANA STATE UNIVERSITY   (United States)

^b HEBREW UNIVERSITY OF JERUSALEM   (Israel)

Author keywords

Double auction; Experimental markets; Order cancellation

Indexed keywords

EID: 1342333088     PISSN: 01651765     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.econlet.2003.09.027     Document Type: Article

References (13)

1. Allen F. Gale D. Stock-price manipulation Review of Financial Studies 5 1992 503-529
2. Camerer C. Can asset markets be manipulated? A field experiment with racetrack betting Journal of Political Economy 106 1998 475-482
3. Friedman D. Evolutionary Games in Economics Econometrica 59 1991 637-666
4. Friedman D. Sunder S. Experimental Methods - A Primer for Economists 1994 Cambridge University Press
5. Jamison J. Plott C. Costly offers and the equilibration properties of the multiple unit double auction under conditions of unpredictable shifts of demand and supply Journal of Economic Behavior and Organization 32 1997 591-612
6. Kachelmeier S. Limberg S. Schadewald M. A laboratory market examination of the consumer price response to information about producers' costs and profits The Accounting Review 66 1991 694-717
7. Lundholm R. What affects the efficiency of a market? Some answers from the laboratory The Accounting Review 66 1991 486-515
8. Mestelman S. Welland D. Experience and inventory management in double-auction markets Journal of Economic Behavior and Organization 26 1995 35-48
9. Smith V. An experimental study of competitive market behavior Journal of Political Economy 70 1962 111-137
10. Smith V. Microeconomic systems as an experimental science American Economic Review 72 1982 923-955
11. Smith V. Williams A. Bratton K. Vannoni M. Competitive markets institutions: double auctions vs. sealed bid-offer auctions American Economic Review 72 1982 58-78
12. Tuttle B. Coller M. Plumlee D. The effect of misstatements on decisions of financial statement users: an experimental investigation of auditor materiality thresholds Auditing, A Journal of Practice and Theory 21 2002 11-27
13. Van Boening M. Wilcox N. Avoidable cost: ride a double auction roller coaster American Economic Review 86 1996 461-478