ECONSIM
RoomPLUMB
MechanismDBLAUC.CALL
Round4/8
SessionSS-0612-PLM
Clearing$9.28
CE Fair$9.50
LIVE · COLLECTING

Room Meta

seed 4417829
JOIN CODE
PLUMB
econsim.gg/r/plumb · 147 connected
mechanismdouble auction
marketsealed call
clearing ruleuniform
round04 / 08
tick size$0.01
stateCOLLECTING

Mechanism

double auctionCALL
vickrey 2nd-priceSEALED
all-pay contestAPA
public goodsVCM

Theory Note

SMITH 1962

Uniform price = round((marginal buy + marginal sell)/2). Under truthful reporting the call market is allocatively efficient; the clearing price converges on the competitive equilibrium where sorted demand and supply cross.

$9.28
clearing · round 4
+$0.14vs R3
−$0.22gap to CE
0:14seal · clears in
FAIR VALUE 9.50
CLEARING
11.00 10.40 9.80 9.20 8.60 8.00 FAIR VALUE 9.50 9.28 R1R2R3 R4R5R6 ▮LIVE
$9.28
last clear
▲ +0.14 vs R3 @ 9.14
89.4%
allocative eff.
realized / max surplus
$1,284.50
realized surplus
gains-from-trade
38 u
volume cleared
CE q* = 41 units

Depth Ladder

132 ord
10.40
6
10.05
5
9.80
9
9.55
7
uniform clearing$9.28
9.20
8
9.00
11
8.75
10
8.40
13

Order Book · Sealed

hidden
PXQTYSIDE
10.406ASK
10.055ASK
9.809ASK
9.557ASK
9.208BID
9.0011BID
8.7510BID
8.4013BID

Submit Order

you · seller s0
$9.25_
expected payoff if matched+$1.25
individually rational ≥$8.00
[ SEALED ] hidden until clear · IR guaranteed