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Competition and Collusion in Dealer Markets
12 references·16 citing·46 second hop
Competition and Collusion in Dealer Markets (1997)Competition and Collusion in Dealer Marke…Transactions costs and investment style: an inter-exchange analysis of institutional equity trades (1997)Transactions costs and invest…Dealer versus auction markets: A paired comparison of execution costs on NASDAQ and the NYSE (1996)Dealer versus auction markets…A Folk Theorem for Stochastic Games (1995)A Folk Theorem for Stochastic…Why do NASDAQ Market Makers Avoid Odd-Eighth Quotes? (1994)Why do NASDAQ Market Makers A…Why Did NASDAQ Market Makers Stop Avoiding Odd‐Eighth Quotes? (1994)Why Did NASDAQ Market Makers …Minimum Price Variations, Discrete Bid–Ask Spreads, and Quotation Sizes (1994)Minimum Price Variations, Dis…Market Structures and Liquidity: A Transactions Data Study of Exchange Listings (1994)Market Structures and Liquidi…Stock Price Clustering and Discreteness (1991)Stock Price Clustering and Di…Toward a Theory of Discounted Repeated Games with Imperfect Monitoring (1990)Toward a Theory of Discounted…On the Theory of Infinitely Repeated Games with Discounting (1988)On the Theory of Infinitely R…A Supergame-Theoretic Model of Price Wars during Booms (1986)A Supergame-Theoretic Model o…A Supergame-Theoretic Model of Business Cycles and Price Wars During Booms (1984)A Supergame-Theoretic Model o…Liquidity in the Futures Pits: Inferring Market Dynamics from Incomplete Data (2004)Liquidity in the Futures Pits…Anonymity, Adverse Selection, and the Sorting of Interdealer Trades (2004)Anonymity, Adverse Selection,…The Clustering of IPO Gross Spreads: International Evidence (2003)The Clustering of IPO Gross S…Quote-based competition and trade execution costs in NYSE-listed stocks (2003)Quote-based competition and t…Order preferencing and market quality on NASDAQ before and after decimalization (2003)Order preferencing and market…Market Maker Quotation Behavior and Pretrade Transparency (2003)Market Maker Quotation Behavi…The Making of a Dealer Market: From Entry to Equilibrium in the Trading of Nasdaq Stocks (2002)The Making of a Dealer Market…Tick Size, Bid-Ask Spreads, and Market Structure (2001)Tick Size, Bid-Ask Spreads, a…Tick Size, Spreads, and Liquidity: An Analysis of Nasdaq Securities Trading near Ten Dollars (2000)Tick Size, Spreads, and Liqui…Preferencing, Internalization, Best Execution, and Dealer Profits (1999)Preferencing, Internalization…Minimum Price Variations, Time Priority, and Quote Dynamics (1999)Minimum Price Variations, Tim…Does order preferencing matter? (1998)Does order preferencing matte…The degree of price resolution and equity trading costs (1997)The degree of price resolutio…Nasdaq market structure and spread patterns (1997)Nasdaq market structure and s…Entry, Exit, Market Makers, and the Bid-Ask Spread (1997)Entry, Exit, Market Makers, a…Do Competing Specialists and Preferencing Dealers Affect Market Quality? (1997)Do Competing Specialists and …Industrial Market Structure and Economic Performance. (1971)Real Business Cycles (1983)Noncooperative Collusion under Imperfect Price Information (1984)A theory of dynamic oligopoly, III (1987)The Economics of Tacit Collusion (2003)Explicit vs. tacit collusion—The impact of communication in oligopoly experiments (2012)A Non-cooperative Equilibrium for Supergames (1971)An Analysis of Intraday Patterns in Bid/Ask Spreads for NYSE Stocks (1992)Market microstructure and securities values: Evidence from the Tel Aviv Stock Exchange (1997)Presidential Address: Friction (2000)Estimating the components of the bid/ask spread (1988)The Behavior of Stock Prices Around Institutional Trades (1995)Are Financial Assets Priced Locally or Globally? (2002)Are Momentum Profits Robust to Trading Costs? (2004)Optimal trading strategy and supply/demand dynamics (2012)The Cost of Transacting (1968)THE PRICING OF SECURITY DEALER SERVICES: AN EMPIRICAL STUDY OF NASDAQ STOCKS (1978)Competing Mechanisms in a Common Value Environment (2000)Liquidity in Asset Markets With Search Frictions (2009)What happened to the quants in August 2007? Evidence from factors and transactions data (2010)Liquidity and Market Structure (1988)Trading and Exchanges: Market Microstructure for Practitioners (2002)The Determinants of Underpricing for Seasoned Equity Offers (2003)Realized Volatility: A Review (2008)Reexamination of the perfectness concept for equilibrium points in extensive games (1975)Social Norms and Economic Theory (1989)Measuring Trust* (2000)A Behavioral Approach to the Rational Choice Theory of Collective Action Presidential Address, American political Science Association, 1997 (2010)Sticky Prices in the United States (1982)Foreign aid and rent-seeking (2000)The Central Role of Entrepreneurs in Transition Economies (2002)Oil and the Macroeconomy Since the 1970s (2004)Continuous Auctions and Insider Trading (1985)Price, trade size, and information in securities markets (1987)Liquidity Provision with Limit Orders and a Strategic Specialist (1997)Corporate Governance and Liquidity (2010)Sequential Equilibria (1982)The Folk Theorem in Repeated Games with Discounting or with Incomplete Information (1986)The Folk Theorem with Imperfect Public Information (1994)Relational Incentive Contracts (2003)Repeated Games and Reputations (2006)Bid, ask and transaction prices in a specialist market with heterogeneously informed traders (1985)Inferring Trade Direction from Intraday Data (1991)The Cross-Section of Expected Stock Returns (1992)Advertising, Breadth of Ownership, and Liquidity (2003)The illusory nature of momentum profits (2003)
this work references cited by second hop

References

  • 1988On the Theory of Infinitely Repeated Games with Discounting1,259 cited
  • 1990Toward a Theory of Discounted Repeated Games with Imperfect Monitoring1,207 cited
  • 1986A Supergame-Theoretic Model of Price Wars during Booms1,177 cited
  • 1996Dealer versus auction markets: A paired comparison of execution costs on NASDAQ and the NYSE1,009 cited
  • 1994Why do NASDAQ Market Makers Avoid Odd-Eighth Quotes?746 cited
  • 1994Minimum Price Variations, Discrete Bid–Ask Spreads, and Quotation Sizes603 cited
  • 1997Transactions costs and investment style: an inter-exchange analysis of institutional equity trades596 cited
  • 1991Stock Price Clustering and Discreteness576 cited
  • 1994Why Did NASDAQ Market Makers Stop Avoiding Odd‐Eighth Quotes?343 cited
  • 1984A Supergame-Theoretic Model of Business Cycles and Price Wars During Booms330 cited
  • 1995A Folk Theorem for Stochastic Games241 cited
  • 1994Market Structures and Liquidity: A Transactions Data Study of Exchange Listings198 cited

Cited by

  • 2004Liquidity in the Futures Pits: Inferring Market Dynamics from Incomplete Data170 cited
  • 2003Quote-based competition and trade execution costs in NYSE-listed stocks155 cited
  • 1997

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Do Competing Specialists and Preferencing Dealers Affect Market Quality?
137 cited
  • 1999Preferencing, Internalization, Best Execution, and Dealer Profits124 cited
  • 2003Market Maker Quotation Behavior and Pretrade Transparency123 cited
  • 2002The Making of a Dealer Market: From Entry to Equilibrium in the Trading of Nasdaq Stocks123 cited
  • 2003Order preferencing and market quality on NASDAQ before and after decimalization121 cited
  • 2001Tick Size, Bid-Ask Spreads, and Market Structure114 cited
  • 1999Minimum Price Variations, Time Priority, and Quote Dynamics108 cited
  • 1997Entry, Exit, Market Makers, and the Bid-Ask Spread105 cited
  • 2000Tick Size, Spreads, and Liquidity: An Analysis of Nasdaq Securities Trading near Ten Dollars104 cited
  • 1997Nasdaq market structure and spread patterns102 cited
  • 2004Anonymity, Adverse Selection, and the Sorting of Interdealer Trades82 cited
  • 1998Does order preferencing matter?79 cited
  • 1997The degree of price resolution and equity trading costs79 cited
  • 2003The Clustering of IPO Gross Spreads: International Evidence78 cited