메뉴 건너뛰기




Volumn 1, Issue 1, 1998, Pages 89-119

Bid-ask spreads with indirect competition among specialists

Author keywords

Bid ask spreads; D43; G12; Indirect competition; Market structure; Multi security markets

Indexed keywords


EID: 0038909346     PISSN: 13864181     EISSN: None     Source Type: Journal    
DOI: 10.1016/S1386-4181(97)00005-0     Document Type: Article
Times cited : (12)

References (26)
  • 1
    • 0001641216 scopus 로고
    • A noisy rational expectations equlibrium for multi-asset securities markets
    • Admati A. A noisy rational expectations equlibrium for multi-asset securities markets. Econometrica. 53:1985;629-657.
    • (1985) Econometrica , vol.53 , pp. 629-657
    • Admati, A.1
  • 3
    • 0006830113 scopus 로고
    • Destructive interference in an imperfectly competitive multi-security model
    • Bhattacharya U., Reny P., Spiegel M. Destructive interference in an imperfectly competitive multi-security model. Journal of Economic Theory. 65:1995;136-170.
    • (1995) Journal of Economic Theory , vol.65 , pp. 136-170
    • Bhattacharya, U.1    Reny, P.2    Spiegel, M.3
  • 4
    • 0030269222 scopus 로고    scopus 로고
    • Discrete pricing and the design of dealership marketing
    • Bernhardt D., Hughson E. Discrete pricing and the design of dealership marketing. Journal of Economic Theory. 71:1996;148-182.
    • (1996) Journal of Economic Theory , vol.71 , pp. 148-182
    • Bernhardt, D.1    Hughson, E.2
  • 5
    • 0039229195 scopus 로고    scopus 로고
    • The optimal design of a market.
    • Northwestern University.
    • Brusco, S., Jackson, M.O., 1996. The optimal design of a market. CMSEMS discussion paper, Northwestern University.
    • (1996) CMSEMS Discussion Paper
    • Brusco, S.1    Jackson, M.O.2
  • 6
    • 0000811388 scopus 로고
    • Imperfect competition in a multi-security market with risk neutrality
    • Caballé J., Krishnan M. Imperfect competition in a multi-security market with risk neutrality. Econometrica. 62:1994;695-704.
    • (1994) Econometrica , vol.62 , pp. 695-704
    • Caballé, J.1    Krishnan, M.2
  • 8
    • 0011461960 scopus 로고
    • Price competition between market makers
    • Dennert H. Price competition between market makers. Review of Economic studies. 60:1993;735-752.
    • (1993) Review of Economic Studies , vol.60 , pp. 735-752
    • Dennert, H.1
  • 13
    • 0345401653 scopus 로고
    • Bid, ask and transaction prices in a specialist market with heterogeneously informed traders
    • Glosten L., Milgrom P. Bid, ask and transaction prices in a specialist market with heterogeneously informed traders. Journal of Financial Economics. 14:1985;71-100.
    • (1985) Journal of Financial Economics , vol.14 , pp. 71-100
    • Glosten, L.1    Milgrom, P.2
  • 14
    • 0010596282 scopus 로고
    • Equlibrium bid-ask spreads in markets with multiple assets
    • Hagerty K. Equlibrium bid-ask spreads in markets with multiple assets. Review of Economic Studies. 58:1991;237-258.
    • (1991) Review of Economic Studies , vol.58 , pp. 237-258
    • Hagerty, K.1
  • 15
    • 0001913087 scopus 로고
    • Optimal dealer pricing under transactions and return uncertainty
    • Ho T., Stoll H. Optimal dealer pricing under transactions and return uncertainty. Journal of Financial Economics. 9:1981;47-73.
    • (1981) Journal of Financial Economics , vol.9 , pp. 47-73
    • Ho, T.1    Stoll, H.2
  • 16
    • 0039821093 scopus 로고
    • New York Stock Exchange, New York Stock Exchange, New York.
    • New York Stock Exchange, 1991a. New York Stock Exchange: Constitution and Rules, New York Stock Exchange, New York.
    • (1991) New York Stock Exchange: Constitution and Rules
  • 17
    • 0041007754 scopus 로고
    • New York Stock Exchange, New York Stock Exchange, New York.
    • New York Stock Exchange, 1991b. New York Stock Exchange Factbook, New York Stock Exchange, New York.
    • (1991) New York Stock Exchange Factbook
  • 18
    • 0039229190 scopus 로고
    • Liquidity without money: A general equlibrium model of market microstructure
    • Peck J. Liquidity without money. a general equlibrium model of market microstructure Journal of Financial Intermediation. 1:1990;80-103.
    • (1990) Journal of Financial Intermediation , vol.1 , pp. 80-103
    • Peck, J.1
  • 19
    • 0039229193 scopus 로고
    • Regulating information disclosure among stock exchange market makers.
    • Financial Markets Group, London School of Economics.
    • Roell, A., 1988. Regulating information disclosure among stock exchange market makers. Discussion Paper 51, Financial Markets Group, London School of Economics.
    • (1988) Discussion Paper 51
    • Roell, A.1
  • 20
    • 49549135545 scopus 로고
    • The Arbitrage Theory of Capital Asset Pricing
    • Ross S.A. The Arbitrage Theory of Capital Asset Pricing. Journal of Economic Theory. 13:1976;341-360.
    • (1976) Journal of Economic Theory , vol.13 , pp. 341-360
    • Ross, S.A.1
  • 21
    • 84959803381 scopus 로고
    • Product selection, fixed costs, and monopolistic competition
    • Spence M. Product selection, fixed costs, and monopolistic competition. Review of Economic Studies. 43:1976;217-235.
    • (1976) Review of Economic Studies , vol.43 , pp. 217-235
    • Spence, M.1
  • 22
    • 0000048786 scopus 로고
    • Bertrand competition for inputs and walrasian outcomes
    • Stahl D. Bertrand competition for inputs and walrasian outcomes. American Economic Review. 78:1988;189-201.
    • (1988) American Economic Review , vol.78 , pp. 189-201
    • Stahl, D.1
  • 23
    • 0007878613 scopus 로고
    • Differentiated products, consumer search, and locational oligopoly
    • Stahl H.R. Differentiated products, consumer search, and locational oligopoly. Bell Journal of Economics. 13:1982;575-582.
    • (1982) Bell Journal of Economics , vol.13 , pp. 575-582
    • Stahl, H.R.1
  • 24
    • 0003509950 scopus 로고
    • The stock Exchange Specialist System: An Economic Analysis
    • Salomon Brothers Center, Stern School, New York University.
    • Stoll, H.R., 1985. The stock Exchange Specialist System: An Economic Analysis, Monograph 1985-2, Salomon Brothers Center, Stern School, New York University.
    • (1985) Monograph 1985-2
    • Stoll, H.R.1
  • 25
    • 0020715384 scopus 로고
    • Retail trade concentration due to consumer's imperfect information
    • Wolinsky A. Retail trade concentration due to consumer's imperfect information. Bell Journal of Economics. 14:1983;275-282.
    • (1983) Bell Journal of Economics , vol.14 , pp. 275-282
    • Wolinsky, A.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.