Market-makers' supply and pricing of financial market liquidity

Economics Letters

Volumn 76, Issue 1, 2002, Pages 53-58

  Shen, Pu ^a,b   Starr, Ross M ^a,b  

^a FEDERAL RESERVE BANK OF KANSAS CITY   (United States)

^b UNIVERSITY OF CALIFORNIA   (United States)

Author keywords

Bid ask spread; Inventory; Liquidity; Market maker; Order flow

Indexed keywords

EID: 0036000749     PISSN: 01651765     EISSN: None     Source Type: Journal    
DOI: 10.1016/S0165-1765(02)00029-0     Document Type: Article

References (10)

1. Dealership market: Market making with inventory
2. Information effects on the bid-ask spread
3. Price, trade size, and information in securities markets
4. Market microstructure
5. Bid, ask, and transaction prices in a specialist market with heterogeneously informed traders
6. The trades of market makers: An empirical analysis of NYSE specialists
7. Optimal dealer pricing under transactions and return uncertainty
8. Market microstructure: A survey
9. The microeconomics of market making
10. The supply of dealer services in securities markets