search query: @indexterm risk sharing / total: 46
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| Author: | Biais, B. Foucault, T. Salanié, F. |
| Title: | Floors, dealer markets and limit order markets. |
| Journal: | Journal of Financial Markets
1998 : OCT, VOL. 1:3-4, p. 253-284 |
| Index terms: | Financial market trading Stock markets Risk sharing |
| Language: | eng |
| Abstract: | The paper analyzes how the differences in quoting mechanisms, and the associated restrictions imposed on the offers of liquidity suppliers, lead to differences in terms of prices, bid-ask spreads, trades and risk-sharing efficiency. |
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