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This article investigates how prices can adjust in markets without the presence of an auctioneer, focusing on alternative mechanisms.

On Price Adjustment Without an Auctioneer

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This article investigates how prices can adjust in markets without the presence of an auctioneer, focusing on alternative mechanisms.
Theoretical analysis of price adjustment mechanisms
Exploration of economic models related to market behavior
Identifies alternative frameworks for price adjustment
Suggests implications for understanding market efficiency without auctioneer influence

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Journal Article explores price adjustments in markets lacking an auctioneer, suggesting alternative mechanisms.

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Franklin M. Fisher (1972) studied this question.

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