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A double auction is a process of buying and selling goods with multiple sellers and multiple buyers. Potential buyers submit their bids and potential sellers submit their ask prices to the market institution, and then the market institution chooses some price p that clears the market: all the sellers who asked less than p sell and all buyers who bid more than p buy at this price p. Buyers and sellers that bid or ask for exactly p are also included. A common example of a double auction is stock exchange.

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  • Doble subasta (es)
  • Double auction (en)
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  • Una doble subasta es un proceso de compra y venta de bienes cuando los compradores potenciales y los posibles vendedores presenten simultáneamente sus ofertas, su demanda, los precios de una casa de subastas, y luego un subastador elige algún precio p que equilibra el mercado: todos los vendedores que solicitaron menos de p venden y todos los compradores que pujaron más de p compran a este precio p. Además de su interés directo, las subastas dobles son una reminiscencia del Tanteo walrasiano y se han utilizado como una herramienta para estudiar la determinación de los precios en los mercados ordinarios. (es)
  • A double auction is a process of buying and selling goods with multiple sellers and multiple buyers. Potential buyers submit their bids and potential sellers submit their ask prices to the market institution, and then the market institution chooses some price p that clears the market: all the sellers who asked less than p sell and all buyers who bid more than p buy at this price p. Buyers and sellers that bid or ask for exactly p are also included. A common example of a double auction is stock exchange. (en)
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  • A double auction is a process of buying and selling goods with multiple sellers and multiple buyers. Potential buyers submit their bids and potential sellers submit their ask prices to the market institution, and then the market institution chooses some price p that clears the market: all the sellers who asked less than p sell and all buyers who bid more than p buy at this price p. Buyers and sellers that bid or ask for exactly p are also included. A common example of a double auction is stock exchange. As well as their direct interest, double auctions are reminiscent of Walrasian auction and have been used as a tool to study the determination of prices in ordinary markets. A double auction is also possible without any exchange of currency in barter trade. A barter double auction is an auction where every participant has a demand and an offer consisting of multiple attributes and no money is involved. For the mathematical modelling of satisfaction level Euclidean distance is used, where the offer and demand are treated as vectors. A simple example of a double auction is a bilateral trade scenario, in which there is a single seller who values his product as S (e.g. the cost of producing the product), and a single buyer who values that product as B. (en)
  • Una doble subasta es un proceso de compra y venta de bienes cuando los compradores potenciales y los posibles vendedores presenten simultáneamente sus ofertas, su demanda, los precios de una casa de subastas, y luego un subastador elige algún precio p que equilibra el mercado: todos los vendedores que solicitaron menos de p venden y todos los compradores que pujaron más de p compran a este precio p. Además de su interés directo, las subastas dobles son una reminiscencia del Tanteo walrasiano y se han utilizado como una herramienta para estudiar la determinación de los precios en los mercados ordinarios. (es)
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