haku: @freeterm market microstructure / yhteensä: 2
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| Tekijä: | Bloomfield, R. O'Hara, M. |
| Otsikko: | Can transparent markets survive? |
| Lehti: | Journal of Financial Economics
2000 : MAR, VOL. 55:3, p. 425-459 |
| Asiasana: | Stock markets Competition Models |
| Vapaa asiasana: | Market microstructure Experimental economics |
| Kieli: | eng |
| Tiivistelmä: | This paper investigates whether transparent markets can survive when faced with direct competition from less transparent markets. There is a game-theoretic model constructed, a laboratory experiment and second experiment used. As a result, a small number of transparent dealers persist in our markets. |
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