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Cataloged Resource Summary

 

Title

Call Market

Author

Charles Holt

Category

Auctions

Type

Experiment Software

Description

This program runs a call market in which buyers and sellers submit bids and offers. These bids and offers are arrayed into "pseudo" demand and supply curves, which are "crossed" to determine a provisional trading price. The market is called and all provisional trades are finalized when the experimenter submits a close decision. At that time, all units with offers below the clearing price are sold, and all units with bids above the clearing price are purchased. The program calculates the theoretical competitive price for comparison.

URL

http://veconlab.econ.virginia.edu/cm/cm.php
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