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Volumn 37, Issue 3, 2002, Pages 449-469

Preferencing, internalization of order flow, and tacit collusion: Evidence from experiments

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Indexed keywords


EID: 0036745475     PISSN: 00221090     EISSN: None     Source Type: Journal    
DOI: 10.2307/3594988     Document Type: Article
Times cited : (11)

References (15)
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    • Barclay, M.1
  • 2
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    • The effects of market reform on the trading costs and depth of nasdaq stocks
    • Barclay, M.; W. Christie; J. Harris; E. Kandel; and P. Schultz. "The Effects of Market Reform on the Trading Costs and Depth of Nasdaq Stocks." Journal of Finance, 54 (1999), 1-34.
    • (1999) Journal of Finance , vol.54 , pp. 1-34
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  • 3
    • 0031524334 scopus 로고    scopus 로고
    • Do competing specialists and preferencing dealers affect market quality?
    • Battalio, R.; J. Green; and R. Jennings. "Do Competing Specialists and Preferencing Dealers Affect Market Quality?" Review of Financial Studies, 10 (1998), 969-994.
    • (1998) Review of Financial Studies , vol.10 , pp. 969-994
    • Battalio, R.1    Green, J.2    Jennings, R.3
  • 5
    • 0033482257 scopus 로고    scopus 로고
    • Market transparency: Who wins and who loses?
    • _. "Market Transparency: Who Wins and Who Loses?" Review of Financial Studies, 12 (1999), 5-35.
    • (1999) Review of Financial Studies , vol.12 , pp. 5-35
  • 6
    • 0034148030 scopus 로고    scopus 로고
    • Can transparent markets survive?
    • _. "Can Transparent Markets Survive?" Journal of Financial Economics, 55 (2000), 425-429.
    • (2000) Journal of Financial Economics , vol.55 , pp. 425-429
  • 7
    • 0034418202 scopus 로고    scopus 로고
    • The opportunity for conspiracy in asset markets organized with dealer intermediaries
    • Cason, T. "The Opportunity for Conspiracy in Asset Markets Organized with Dealer Intermediaries." Review of Financial Studies, 13 (2000), 385-416.
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    • Cason, T.1
  • 8
    • 84993915181 scopus 로고
    • Why do NASDAQ market makers avoid odd-eighths quotes?
    • Christie, W., and P. Schultz. "Why do NASDAQ Market Makers Avoid Odd-eighths Quotes?" Journal of Finance, 49 (1994), 1813-1840.
    • (1994) Journal of Finance , vol.49 , pp. 1813-1840
    • Christie, W.1    Schultz, P.2
  • 9
    • 0010894329 scopus 로고    scopus 로고
    • Competition and collusion in dealer markets
    • Dutta, P., and A. Madhavan. "Competition and Collusion in Dealer Markets." Journal of Finance, 52 (1997), 245-276.
    • (1997) Journal of Finance , vol.52 , pp. 245-276
    • Dutta, P.1    Madhavan, A.2
  • 10
    • 0002297289 scopus 로고    scopus 로고
    • Preferencing, internalization, best execution and dealer profits
    • Hansch, O.; N. Naik; and S. Viswanathan. "Preferencing, Internalization, Best Execution and Dealer Profits." Journal of Finance, 54 (1999), 1799-1828.
    • (1999) Journal of Finance , vol.54 , pp. 1799-1828
    • Hansch, O.1    Naik, N.2    Viswanathan, S.3
  • 11
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    • Dealer versus auction markets: A paired comparison of execution costs on nasdaq and the NYSE
    • Huang, R., and H. Stoll. "Dealer Versus Auction Markets: A Paired Comparison of Execution Costs on Nasdaq and the NYSE." Journal of Financial Economics, 41 (1996), 313-357.
    • (1996) Journal of Financial Economics , vol.41 , pp. 313-357
    • Huang, R.1    Stoll, H.2
  • 12
    • 0031184903 scopus 로고    scopus 로고
    • Nasdaq market structure and spread patterns
    • Kandel, E., and L. Marx. "Nasdaq Market Structure and Spread Patterns." Journal of Financial Economics, 45 (1997), 61-89.
    • (1997) Journal of Financial Economics , vol.45 , pp. 61-89
    • Kandel, E.1    Marx, L.2
  • 13
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    • Payment for order flow on nasdaq
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  • 15
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    • Microeconomic systems as an experimental science
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    • Smith, V.1


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