雙向拍卖实验手册.docVIP

双头拍卖实验手册 一、介绍 Overview: This program runs a double auction in which buyers and sellers submit bids and offers in any order. This is called a double auction because bids tend to increase as in an English auction (e.g. for antiques), and at the same time, offers tend to decrease. Thus the bid-ask spread will narrow until one of the bids or offers is accepted. 简介： 这个程序验证的是双向拍卖实验。在双向拍卖中，买方和卖方可以以任何顺序提交出价和要价。之所以被称为“双向拍卖”是因为在英式拍卖中(例如，古董) 出价倾向于增加，与此同时，要价则倾向于减少。因此，买卖价差将逐渐缩小，直到其中的一个出价或者要价被接受。 Payoff Parameters: Seller units are given costs and buyer units are given values. All values and costs are ra