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Market Architecture: Limit Order Books Versus Dealership Markets
14 references·4 citing·43 second hop
Market Architecture: Limit Order Books Versus Dealership Markets (1998)Market Architecture: Limit Order Books Ve…Competing Mechanisms in a Common Value Environment (2000)Competing Mechanisms in a Com…Floors, dealer markets and limit order markets (1998)Floors, dealer markets and li…Do Inventories Matter in Dealership Markets? Evidence from the London Stock Exchange (1998)Do Inventories Matter in Deal…Liquidity Provision with Limit Orders and a Strategic Specialist (1997)Liquidity Provision with Limi…Dealer versus auction markets: A paired comparison of execution costs on NASDAQ and the NYSE (1996)Dealer versus auction markets…Why do NASDAQ Market Makers Avoid Odd-Eighth Quotes? (1994)Why do NASDAQ Market Makers A…Is the Electronic Open Limit Order Book Inevitable? (1994)Is the Electronic Open Limit …Price Formation and Equilibrium Liquidity in Fragmented and Centralized Markets (1993)Price Formation and Equilibri…Auctions of Divisible Goods: On the Rationale for the Treasury Experiment (1993)Auctions of Divisible Goods: …The Economics of Missing Markets: Information and Games. (1990)The Economics of Missing Mark…Informed Speculation with Imperfect Competition (1989)Informed Speculation with Imp…Menu Auctions, Resource Allocation, and Economic Influence (1986)Menu Auctions, Resource Alloc…The Dynamics of Dealer Markets Under Competition (1983)The Dynamics of Dealer Market…Auctions of Shares (1979)Auctions of SharesMarket makers as information providers: The natural experiment of STAR (2010)Market makers as information …Declining valuations and equilibrium bidding in central bank refinancing operations (2009)Declining valuations and equi…Does an Electronic Stock Exchange Need an Upstairs Market? (2002)Does an Electronic Stock Exch…Limit Orders, Depth, and Volatility (1999)Limit Orders, Depth, and Vola…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)Transactions costs and investment style: an inter-exchange analysis of institutional equity trades (1997)Presidential Address: Friction (2000)Reexamination of the perfectness concept for equilibrium points in extensive games (1975)Electoral Competition and Special Interest Politics (1996)The Economist as Engineer: Game Theory, Experimentation, and Computation as Tools for Design Economics (2002)Advanced International Trade : Theory and Evidence Ed. 2 (2004)Information aggregation in a noisy rational expectations economy (1981)Tests of microstructural hypotheses in the foreign exchange market (1995)Transparency and Liquidity: A Comparison of Auction and Dealer Markets with Informed Trading (1996)Information Asymmetry, Information Precision, and the Cost of Capital (2011)Bid, ask and transaction prices in a specialist market with heterogeneously informed traders (1985)Continuous Auctions and Insider Trading (1985)Asset pricing and the bid-ask spread (1986)Trade Execution Costs and Market Quality after Decimalization (2003)The “make or take” decision in an electronic market: Evidence on the evolution of liquidity (2004)Market microstructure: A survey of microfoundations, empirical results, and policy implications (2005)COUNTERSPECULATION, AUCTIONS, AND COMPETITIVE SEALED TENDERS (1961)Firm incentives to promote technological change in pollution control: Reply (1992)An Efficient Ascending-Bid Auction for Multiple Objects (2004)The Cost of Transacting (1968)Information Effects on the Bid-Ask Spread (1983)Price Formation and Liquidity in the U.S. Treasury Market: The Response to Public Information (1999)Liquidity and Asset Prices (2006)The Flash Crash: High‐Frequency Trading in an Electronic Market (2017)A Theory of Auctions and Competitive Bidding (1982)Auctions and Bidding (1986)Why new issues are underpriced (1986)Special Repo Rates (1996)Asset Pricing under Asymmetric Information (2001)Tradeable carbon permit auctions (2002)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)The Theory of Industrial Organization (1988)Auctioning divisible goods (2002)Regulatory Uncertainty and Market Liquidity: The 2008 Short Sale Ban's Impact on Equity Option Markets (2011)The value of trading relations in turbulent times (2017)Order flow composition and trading costs in a dynamic limit order market (1999)The High-Frequency Trading Arms Race: Frequent Batch Auctions as a Market Design Response (2013)
this work references cited by second hop

References

  • 1986Menu Auctions, Resource Allocation, and Economic Influence1,224 cited
  • 1996Dealer versus auction markets: A paired comparison of execution costs on NASDAQ and the NYSE1,009 cited
  • 1994Is the Electronic Open Limit Order Book Inevitable?996 cited
  • 1989Informed Speculation with Imperfect Competition963 cited
  • 1983The Dynamics of Dealer Markets Under Competition783 cited
  • 1994Why do NASDAQ Market Makers Avoid Odd-Eighth Quotes?746 cited
  • 1979Auctions of Shares733 cited
  • 1997Liquidity Provision with Limit Orders and a Strategic Specialist518 cited
  • 1993Auctions of Divisible Goods: On the Rationale for the Treasury Experiment517 cited
  • 1993Price Formation and Equilibrium Liquidity in Fragmented and Centralized Markets358 cited
  • 2000Competing Mechanisms in a Common Value Environment353 cited
  • 1990The Economics of Missing Markets: Information and Games.230 cited
  • 1998Do Inventories Matter in Dealership Markets? Evidence from the London Stock Exchange203 cited
  • 1998Floors, dealer markets and limit order markets64 cited

Cited by

  • 2010Market makers as information providers: The natural experiment of STAR

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35 cited
  • 2002Does an Electronic Stock Exchange Need an Upstairs Market?31 cited
  • 2009Declining valuations and equilibrium bidding in central bank refinancing operations28 cited
  • 1999Limit Orders, Depth, and Volatility25 cited