Does the option to cancel an order in a double auction market matter? [An article from: Economics Letters]

by S. Crowley, O. Sade

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This digital document is a journal article from Economics Letters, published by Elsevier in 2004. The article is delivered in HTML format and is available in your Amazon.com Media Library immediately after purchase. You can view it with any web browser.

Description:
Given the non-standardized use of the cancellation rule in the experimental markets literature, this paper investigates whether the ability to cancel orders in a double auction matters. We find that players use the option to cancel orders when it is available and that the option to cancel affects volume, but not price-associated variable.

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