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A 'Trade Out of Equilibrium' Model of the Stock Market


  • Lawrence R. Glosten


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  • Lawrence R. Glosten, 1978. "A 'Trade Out of Equilibrium' Model of the Stock Market," Discussion Papers 309, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
  • Handle: RePEc:nwu:cmsems:309

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    References listed on IDEAS

    1. Ehud Kalai, 1977. "A Game of Barter with Barriers to Trade," Discussion Papers 302, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
    2. Hurwicz, Leonid & Radner, Roy & Reiter, Stanley, 1975. "A Stochastic Decentralized Resource Allocation Process: Part I," Econometrica, Econometric Society, vol. 43(2), pages 187-221, March.
    3. Smidt, Seymour, 1968. "A New Look at the Random Walk Hypothesis," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 3(03), pages 235-261, September.
    4. Graham, Daniel A & Jacobson, Edward & Weintraub, E Roy, 1972. "Transactions Costs and the Convergence of a "Trade out of Equilibrium" Adjustment Process," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 13(1), pages 123-131, February.
    5. Garman, Mark B., 1976. "Market microstructure," Journal of Financial Economics, Elsevier, vol. 3(3), pages 257-275, June.
    6. Rothschild, Michael, 1973. "Models of Market Organization with Imperfect Information: A Survey," Journal of Political Economy, University of Chicago Press, vol. 81(6), pages 1283-1308, Nov.-Dec..
    7. Richard E. Kihlstrom & Leonard J. Mirman, 1975. "Information and Market Equilibrium," Bell Journal of Economics, The RAND Corporation, vol. 6(1), pages 357-376, Spring.
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