Let X₁, X₂,... be a sequence of independent, identically distributed random variables. Let vp be a geometric random variable with parameter p ∈ (0, 1), independent of all Xj, j ≥ 1. Assume that φ : ℕ ...
Citations: Satterthwaite, Mark, Steven Williams. 1989. The Rate of Convergence to Efficiency in the Buyers' Bid Double Auction as the Market Becomes Large. Review of Economic Studies. (4)477-498.
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