The rate at which a simple market converges to efficiency as the number of traders increases: An asymptotic result for optimal trading mechanisms

A-Tier

Journal: Journal of Economic Theory

Year: 1989

Volume: 48

Issue: 1

Pages: 304-332

Authors (2)

Gresik, Thomas A. (University of Notre Dame) Satterthwaite, Mark A. (not in RePEc)

Score contribution per author:

2.011 = (α=2.01 / 2 authors) × 2.0x A-tier

α: calibrated so average coauthorship-adjusted count equals average raw count