Electronic barter market of fungible values
Please cite the paper as:
Olivier Chaussavoine, (2012), Electronic barter market of fungible values, World Economics Association (WEA) Conferences, No. 3 2012, Rethinking Financial Markets, 1st November to 31st December, 2012
The model openBarter defines an central limit order book allowing cyclic exchanges between more than two partners (buyer and seller) in a single transaction. It does not require any central monetary standard to perform competition between orders. The model provides a liquidity nearly equivalent to that of a regular market when the diversity of qualities is not too large.