Transaction Costs in Dealer Markets: Evidence from the London Stock Exchange
In: The Industrial Organization and Regulation of the Securities Industry
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- de Jong, F.C.J.M. & Nijman, T.E. & Roell, A.A., 1993.
"A comparison of the cost of trading French shares on the Paris Bourse and on SEAQ International,"
1993-29, Tilburg University, Center for Economic Research.
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- Admati, Anat R., 1991. "The informational role of prices : A review essay," Journal of Monetary Economics, Elsevier, vol. 28(2), pages 347-361, October.
- Biais, Bruno, 1993. " Price Information and Equilibrium Liquidity in Fragmented and Centralized Markets," Journal of Finance, American Finance Association, vol. 48(1), pages 157-185, March.
- Grossman, S.J. & Miller, M.H., 1988.
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88, Princeton, Department of Economics - Financial Research Center.
- Glosten, Lawrence R. & Harris, Lawrence E., 1988. "Estimating the components of the bid/ask spread," Journal of Financial Economics, Elsevier, vol. 21(1), pages 123-142, May.
- Jürgen Dennert, 1993. "Price Competition between Market Makers," Review of Economic Studies, Oxford University Press, vol. 60(3), pages 735-751.
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