Are there real-world markets that resemble double oral auctions? Suppose you had to organize a double oral

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Are there real-world markets that resemble double oral auctions? Suppose you had to organize a double oral auction for a good that has perfectly elastic demand. Do you expect prices to approach the competitive equilibrium?

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Microeconomics

ISBN: 978-1292079578

Global Edition 1st Edition

Authors: David Laibson, John List

Question Posted: Dec 15, 2015 07:51 AM

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Are there real-world markets that resemble double oral auctions? Suppose you had to organize a double oral

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Double oral auctions are similar to how trading actually ...View the full answer

Microeconomics

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