Show/Hide Menu
Hide/Show Apps
Logout
Türkçe
Türkçe
Search
Search
Login
Login
OpenMETU
OpenMETU
About
About
Open Science Policy
Open Science Policy
Open Access Guideline
Open Access Guideline
Postgraduate Thesis Guideline
Postgraduate Thesis Guideline
Communities & Collections
Communities & Collections
Help
Help
Frequently Asked Questions
Frequently Asked Questions
Guides
Guides
Thesis submission
Thesis submission
MS without thesis term project submission
MS without thesis term project submission
Publication submission with DOI
Publication submission with DOI
Publication submission
Publication submission
Supporting Information
Supporting Information
General Information
General Information
Copyright, Embargo and License
Copyright, Embargo and License
Contact us
Contact us
The Role of Outside Option for Sellers and Exogenous BreakDown Rate on Trading: An Experimental Analysis
Date
2019-09-05
Author
Büyükboyacı Hanay, Mürüvvet İlknur
Metadata
Show full item record
Item Usage Stats
224
views
0
downloads
Cite This
This paper analyzes how trading and prices change in a double auction environment with outside option for sellers which is given with a probability if trade does not occur in the market, through an experiment. We assume that before the double auction occurs, outside option is announced. By knowing both announced outside option and offers and bids in the double auction (market), a seller chooses between selling his/her good in the market now and receiving outside option in the next round if the game continues to next round with some probability. We use two continuation probabilities in treatments, high or low. First, we find that the probability of choosing the outside option is significantly affected by the continuation probability, sellers’ risk aversion, gender, and cost. Second, we find no effect of time preferences on choosing the outside option. Third, we do not find any effect of continuation probabilities on the market price.
URI
https://hdl.handle.net/11511/81864
https://2019.econtr.org/papers/Buyukboyaci_Role.pdf
Collections
Department of Economics, Conference / Seminar
Suggestions
OpenMETU
Core
The role of trading volume, open interest and trader positions on volatility transmission between spot and futures markets
Ordu-Akkaya, Beyza Mina; Ugurlu-Yildirim, Ecenur; Soytaş, Uğur (2019-06-01)
In this paper, we investigate the role of open interest, trading volume and trading positions of trader groups on volatility spillover between futures and spot markets of two major commodities; oil and gold during the last two decades. The initial analysis including only spot and futures markets imply that the relationship is bi-directional for crude oil, and uni-directional for gold. Though, including open interest and trading volume enrich our results indicating open interest and spot markets are closely ...
The effects of outside options on optimal auction outcomes
Küçükşenel, Serkan (Orta Doğu Teknik Üniversitesi (Ankara, Turkey), 2013-4-1)
In this paper, we study the seller-optimal auctions for auction design environments with pure informational externalities, and investigate the effects of outside options on auction outcomes. If the seller's outside option is endogenous and depends on the information structure of the market, we show that the seller sells the good more often as the auction design environment merges into the standard private-value auction setting. If the seller's outside option does not depend on the information structure of t...
The Effects of Outside Options on Optimal Auction Outcomes
Küçükşenel, Serkan (2013-01-01)
In this paper, we study the seller-optimal auctions for auction design environments with pure informational externalities, and investigate the effects of outside options on auction outcomes. If the seller's outside option is endogenous and depends on the information structure of the market, we show that the seller sells the good more often as the auction design environment merges into the standard private-value auction setting. If the seller's outside option does not depend on the information structure of t...
The Impact of Modeling on Robust Inventory Management Under Demand Uncertainty
Solyali, Oguz; Cordeau, Jean-Francois; Laporte, Gilbert (2016-04-01)
This study considers a basic inventory management problem with nonzero fixed order costs under interval demand uncertainty. The existing robust formulations obtained by applying well-known robust optimization methodologies become computationally intractable for large problem instances due to the presence of binary variables. This study resolves this intractability issue by proposing a new robust formulation that is shown to be solvable in polynomial time when the initial inventory is zero or negative. Becau...
The Asymmetric Impact of Funding Liquidity Risk on the Volatility of Stock Portfolios during the COVID-19 Crisis
Kocaarslan, Barış; Soytas, Ugur (2021-02-01)
In this study, we identify economic transmission channels through which changes in funding liquidity conditions in interbank markets asymmetrically affect volatilities of stock portfolios during the COVID-19 crisis. For the purpose of this study, the quantile regression approach is utilized. Controlling for macroeconomic factors, we document that volatilities of high-risk portfolios increase more in response to a deterioration in funding liquidity conditions compared to less risky portfolios. More important...
Citation Formats
IEEE
ACM
APA
CHICAGO
MLA
BibTeX
M. İ. Büyükboyacı Hanay, “The Role of Outside Option for Sellers and Exogenous BreakDown Rate on Trading: An Experimental Analysis,” 2019, Accessed: 00, 2021. [Online]. Available: https://hdl.handle.net/11511/81864.
