THE RATE AT WHICH A SIMPLE MARKET CONVERGES TO EFFICIENCY AS THE NUMBER OF TRADERS INCREASES - AN ASYMPTOTIC RESULT FOR OPTIMAL TRADING MECHANISMS

被引:79
作者
GRESIK, TA [1 ]
SATTERTHWAITE, MA [1 ]
机构
[1] NORTHWESTERN UNIV,KELLOGG GRAD SCH MANAGEMENT,EVANSTON,IL 60208
关键词
D O I
10.1016/0022-0531(89)90128-2
中图分类号
F [经济];
学科分类号
02 ;
摘要
引用
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页码:304 / 332
页数:29
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