Research Article
A Good Beginning Makes a Good Market: The Effect of Different Market Opening Structures on Market Quality
Table 1
Performance-dependent payout structure of the experiment.
| | Ranking | Complement markets | CDA alone |
| | 1 | 47.00€ | 40.00€ | | 2 | 35.00€ | 30.00€ | | 3 | 26.00€ | 22.00€ | | 4 | 19.50€ | 16.50€ | | 5 | 14.50€ | 12.00€ | | 6 | 10.50€ | 8.50€ | | 7 | 7.50€ | 6.10€ | | 8 | 5.00€ | 4.10€ | | 9 | 3.00€ | 2.50€ | | 10 | 1.50€ | 1.30€ | | 11 | 0.50€ | 0.50€ | | 12 | 0.00€ | 0.00€ |
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