Market institutions often have dramatic effects on the prices,
trade quantities, and market efficiency. As a result, market
institutions have been studied extensively by experimental
Some of the most common market institutions for two-sided auctions
(auctions where both sellers and buyers are active) are the double
auction, the posted offer auction, and the uniform price auction.
Each of these three auctions is described on the linked pages.
Experiments are available for the double auction and the posted
offer auction. Links for these experiments follow the description
for these two auctions.