Publication Type
Conference Proceeding Article
Version
acceptedVersion
Publication Date
11-2008
Abstract
This paper focuses on a market intermediary’s role of liquidity provision to support on-demand computing in a dynamic market trading environment. We outline a framework in which a number of distributed agents sell and buy assets based on their changing utilities over time and a service provider acts as a market maker performing market intervention. We present benchmark models based on socially optimal liquidity provision and a brokerage framework. We then examine the benefits and the dealer’s incentives to provide market liquidity.
Keywords
Market microstructure, market dynamics, intermediary, liquidity
Discipline
Computer Sciences | Management Information Systems
Research Areas
Information Systems and Management
Publication
Proceedings of the 39th Annual Meeting of the Decision Sciences Institute 2008: Baltimore, 22-25 November 2008
First Page
1231
Last Page
1236
ISBN
9781615670321
Publisher
Decision Sciences Institute
City or Country
Atlanta, GA
Citation
GUO, Zhiling.
Market Liquidity Provision for On-Demand Computing. (2008). Proceedings of the 39th Annual Meeting of the Decision Sciences Institute 2008: Baltimore, 22-25 November 2008. 1231-1236.
Available at: https://ink.library.smu.edu.sg/sis_research/1868
Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-No Derivative Works 4.0 International License.