Mcgee, Richard and Johnson, Johnnie (2017) Everyone's a winner: The market impact of technologically advantaged agents. Economics Letters, 156, 95-98. (doi:10.1016/j.econlet.2017.04.021).
Record type:
Article
Abstract
Using betting data, we show that a market with agents having heterogeneous utility can include a net transfer of wealth to technologically advantaged agents (TAAs) from non-TAAs with the transaction proving beneficial to both in terms of their realized utility.
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Accepted/In Press date: 21 April 2017
e-pub ahead of print date: 26 April 2017
Published date: 1 July 2017
Keywords:
market making, marketing regulation, heterogeneous agent utility
Organisations:
Banking & Finance, Decision Analytics & Risk, Southampton Business School
Identifiers
Local EPrints ID: 407885
URI: http://eprints.soton.ac.uk/id/eprint/407885
ISSN: 0165-1765
PURE UUID: be0d089c-ae4d-4551-971c-40ada3de4f8f
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Date deposited: 28 Apr 2017 01:03
Last modified: 16 Mar 2024 05:16
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Contributors
Author:
Richard Mcgee
Author:
Johnnie Johnson
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