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Everyone's a winner: The market impact of technologically advantaged agents

Everyone's a winner: The market impact of technologically advantaged agents
Everyone's a winner: The market impact of technologically advantaged agents
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.
market making, marketing regulation, heterogeneous agent utility
0165-1765
95-98
Mcgee, Richard
93f5c00c-a866-4e35-997e-60b817f40497
Johnson, Johnnie
6d9f1a51-38a8-4011-a792-bfc82040fac4
Mcgee, Richard
93f5c00c-a866-4e35-997e-60b817f40497
Johnson, Johnnie
6d9f1a51-38a8-4011-a792-bfc82040fac4

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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EAW-Ecolet_JJ_rm_JJ2_RM2_JJ3_RM3_JJ4_FULL - Accepted Manuscript
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More information

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: https://eprints.soton.ac.uk/id/eprint/407885
ISSN: 0165-1765
PURE UUID: be0d089c-ae4d-4551-971c-40ada3de4f8f

Catalogue record

Date deposited: 28 Apr 2017 01:03
Last modified: 20 Jul 2019 05:11

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