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<!DOCTYPE html>
<html lang="en">
<head>
  <meta charset="UTF-8">
  <meta name="citation_arxiv_id" content="2511.20606">
  <title>Limit Order Book Dynamics in Matching Markets</title>
  <link rel="stylesheet" href="style.css">
  <style>
    body {
      font-family: -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, Helvetica, Arial, sans-serif;
      padding: 40px;
      max-width: 900px;
      margin: auto;
      line-height: 1.65;
    }
    h1 { font-size: 2.2em; }
    .paper-links a {
      background: #4e79ff;
      color: white;
      padding: 10px 16px;
      border-radius: 8px;
      text-decoration: none;
      margin-right: 10px;
    }
    .code-link { background: #ff5f5f !important; }
    .section { margin-top: 40px; }
  </style>
</head>

<body>

<h1>Limit Order Book Dynamics in Matching Markets</h1>
<p><strong>Yao Wu, Westlake University</strong></p>

<div class="paper-links">
  <a href="https://arxiv.org/abs/2511.20606" target="_blank">📄 arXiv Paper</a>
  <a class="code-link" href="https://github.com/Republic1024/Limit-Order-Matching-Microstructure" target="_blank">💻 GitHub Code</a>
</div>

<div class="section">
  <h2>Abstract</h2>
  <p>
    This project studies matching markets as a microstructure system built around
    bid–ask spreads, liquidity droughts, and execution constraints.
    It formalizes matching decisions as limit-order-book executions, demonstrating
    that linear compensation cannot close structural preference gaps unless it
    induces identity collapse. A dynamic execution threshold explains settling,
    high-tier instant matches, and post-match regret (slippage).
  </p>
</div>

<div class="section">
  <h2>Repository Overview</h2>
  <p>
    This Space mirrors the GitHub repository and provides a lightweight static
    homepage for the associated arXiv paper. All experiments, plots, and simulation
    code are available on GitHub.
  </p>
</div>

<div class="section">
  <h2>How to Use</h2>
  <ul>
    <li>Visit GitHub for full code and figures</li>
    <li>Read the arXiv paper for theoretical details</li>
    <li>All images are hosted remotely to comply with HF static Space rules</li>
  </ul>
</div>

<div class="section">
  <h2>Citation</h2>
  <pre>
Wu, Y. (2025). Limit Order Book Dynamics in Matching Markets:
Microstructure, Spread, and Execution Slippage.
arXiv:2511.20606.
  </pre>
</div>

</body>
</html>