期刊名称：HIER Discussion Paper Series / Harvard Institute of Economic Research
出版年度：2004
卷号：2004
出版社：Harvard Institute of Economic Research
摘要：We show the existence of a pure strategy, symmetric, increasing equilibrium in double auction markets with correlated private valuations and many participants. The equilibrium we find is arbitrarily close to fully revealing as the market size grows. Our results provide strategic foundations for price-taking behavior in large markets.
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