Edited by Daniel Friedman and John Rust

Preface
John Rust and Daniel Friedman

Institutions

The Double Auction Market Institution: A Survey
Daniel Friedman

Automating the Continuous Double Auction in Practice: Automated Trade Execution Systems in Financial Markets
Ian Domowitz

Theories

Theories of Price Formation and Exchange in Double Oral Auctions
David Easley and John Ledyard

The Bayesian Theory of the k-Double Auction
Mark Satterthwaite and Steven Williams

Design of Efficient Trading Procedures
Robert Wilson

Evidence

Behavior of Trading Automata in a Computerized Double Auction Market
John Rust, John Miller, Richard Palmer

Lower Bounds for Efficiency of Surplus Extraction in Double Auctions
Dhananjay Gode and Shyam Sunder

Some Effects of Restructing the Electronic Order Book in an automated Trade Execution System
Tim Bollerslev and Ian Domowitz

An Empirical Analysis of Price Formation in Double Auction Markets
Tim Cason and Daniel Friedman

Buyer's Bid Double Auctions: Preliminary Experimental Results
John Kagel and William Vogt

Designing a Uniform-Price Double Auction: An Experimental Evaluation
Kevin McCabe, Stephen Rassenti, and Vernon Smith

On the Anatomy of the `Nonfacilitating' Features of the Double Auction Institution in Conspiratorial Markets
Laura Clauser and Charles Plott

Convergence in Experimental Double Auctions for Stochastically Lived Assets
Colin Camerer and Keigh Weigelt

Liquidity and Persistence of Arbitrage in Experimental Options Markets
John O'Brien and Sanjay Srivastava

Index