Money pumps in the market

Journal of the European Economic Association

Volumn 6, Issue 1, 2008, Pages 237-253

  Rubinstein, Ariel ^a   Spiegler, Ran ^b  

^a TEL AVIV UNIVERSITY   (Israel)

^b UNIVERSITY COLLEGE LONDON   (United Kingdom)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 40249119881     PISSN: 15424766     EISSN: 15424774     Source Type: Journal    
DOI: 10.1162/JEEA.2008.6.1.237     Document Type: Article

References (9)

1. Derman, C. (1970). Finite State Markovian Decision Processes. Academic Press.
2. Glosten, L., and P. Milgrom (1985). "Bid, Ask and Transactions Prices in a Specialist Market with Insider Trading." Journal of Financial Economics, 14, 71-100.
3. Kyle, A. (1985). "Continuous Auctions and Insider Trading," Econometrica, 53, 1315-1336.
4. Laibson, D., and L. Yariv (2005). "Safety in Markets: An Impossibility Theorem for Dutch Books." Working paper, Caltech.
5. Osborne, M., and A. Rubinstein (1998). "Games with Procedurally Rational Players." American Economic Review, 88, 834-849.
6. Osborne, M., and A. Rubinstein (2003), "Sampling Equilibrium with an Application to Strategic Voting", Games and Economic Behavior, 45, 434-441.
7. Spiegler, R. (2006a). "The Market for Quacks." Review of Economic Studies, 73, 1113-1131.
8. Spiegler, R. (2006b). "Competition over Agents with Boundedly Rational Expectations." Theoretical Economics, 1, 207-231.
9. Yaari, M. (1985), "On the Role of 'Dutch Books' in the Theory of Choice under Risk." Nancy Schwartz Lecture, Kellogg Graduate School of Management, Northwestern University.