Mertacor 2009 Demystified: Strategies and Guidelines for Market Design in TAC

摘要

Current global economy involves highly interconnected markets competing with each other for market share and profit. The recent global financial crisis has revived research interest in this competition and has brought out the need for novel, efficient rules. TAC Market Design tournament is one of the first efforts in studying the interaction between opponent stock exchanges. In this paper, we describe our entrant for 2009, Mertacor, and reason about the importance of proper pricing in this global setting.