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Regular version of the site
ФКН

ICEF/FES Joint Research Seminar by Marzena Rostek (University of Wisconsin-Madison)

0+
*recommended age
Event ended
On Thursday, November 21 ICEF and FES will hold the Research Seminar.
Speaker: Marzena Rostek (University of Wisconsin-Madison)
Theme: "Exchange Design and Efficiency"

Abstract: In many markets, traders’ demands for an asset are contingent on the price of that asset alone rather than on the price of all assets they trade. We present a model based on the uniform-price double auction which accommodates arbitrary restrictions on cross-asset conditioning, including asset-by-asset market clearing (demand for each asset is conditioned on the price of that asset) and a single market clearing (demand for each asset is conditioned on the prices of all assets). If suitably designed, markets with limited demand conditioning are at least as efficient as a single market clearing for all traders and assets.  

Pass can be ordered by:
Phone: +7 (495) 772-95-90*27090
e-mail: vzheleznov@hse.ru
contact: Zheleznov Slava 


ICEF seminars