A Good Beginning Makes a Good Market: The Effect of Different Market Opening Structures on Market Quality

<div>Average MRE of indicative prices in the call auctions. This figure displays the development of the average mean relative error (MRE) in the transparent and nontransparent call auctions over time.</div>

The Scientific World Journal

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Figure 1

Figure 1: A Good Beginning Makes a Good Market: The Effect of Different Market Opening Structures on Market Quality 