search query: @indexterm MATCHING PROBLEM / total: 18
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| Author: | Rich, C. |
| Title: | The matching market institution: a laboratory investigation |
| Journal: | American Economic Review
1998 : DEC, VOL. 88:5, p. 1311-1322 |
| Index terms: | ECONOMICS MARKETS MATCHING PROBLEM |
| Language: | eng |
| Abstract: | The matching market (MM) trading institution matches the buyer with the highest bid to the willing seller with the highest ask. The second highest bidder to the second highest remaining willing seller etc., until no seller remains who is willing to transact at any remaining buyer's bid. MM institution maximizes trading volume for any given set of bids and asks, often generating about twice the trading volume of the standard uniform price trading institution. |
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