Fellows Workshop: Eric Budish

Events

Past Event

Fellows Workshop: Eric Budish

November 7, 2013
6:45 PM - 7:45 PM

The presentation will be based on Eric's paper, co-authored with Peter Cramton and John Shim, that seeks to demonstrate that welfare of traders could be improved if, rather than a continuous market, trading occurred at frequent (once per second) uniform price auctions. They suggest that such an architecture would reduce the incentive for engaging in a technological arms race, and would encourage competition on price rather than time.