Strategic Trading and Welfare in a Dynamic Market

Continuous Auctions and Insider Trading

1985 • 9,651 citations

Bid, ask and transaction prices in a specialist market with heterogeneously informed traders

1985 • 6,148 citations

Lifetime Portfolio Selection under Uncertainty: The Continuous-Time Case

1969 • 5,148 citations

Reexamination of the perfectness concept for equilibrium points in extensive games

1975 • 3,369 citations

A Theory of Intraday Patterns: Volume and Price Variability

1988 • 3,251 citations

Supply Function Equilibria in Oligopoly under Uncertainty

1989 • 1,408 citations

Optimal control of execution costs

1998 • 1,123 citations

A Model of Competitive Stock Trading Volume

1994 • 969 citations

Informed Speculation with Imperfect Competition

1989 • 956 citations

Durable-Goods Monopolists

1982 • 928 citations

The Behavior of Stock Prices Around Institutional Trades

1995 • 791 citations

Auctions of Shares

1979 • 735 citations

Foundations of dynamic monopoly and the coase conjecture

1986 • 727 citations

PRICE IMPACTS OF BLOCK TRADING ON THE NEW YORK STOCK EXCHANGE

1972 • 683 citations

Rational Expectations and Durable Goods Pricing

1981 • 650 citations

The Upstairs Market for Large-Block Transactions: Analysis and Measurement of Price Effects

1996 • 645 citations

Auctions of Divisible Goods: On the Rationale for the Treasury Experiment

1993 • 542 citations

The effect of large block transactions on security prices: A cross-sectional analysis

1987 • 501 citations

Anatomy of the trading process empirical evidence on the behavior of institutional traders

1995 • 484 citations

Large-block transactions, the speed of response, and temporary and permanent stock-price effects

1990 • 468 citations

An ordered probit analysis of transaction stock prices

1992 • 454 citations

Convergence to Efficiency in a Simple Market with Incomplete Information

1994 • 299 citations

The Rate of Convergence to Efficiency in the Buyer's Bid Double Auction as the Market Becomes Large

1989 • 182 citations

The rate at which a simple market converges to efficiency as the number of traders increases: An asymptotic result for optimal trading mechanisms

1989 • 161 citations

Electronic Call Market Trading

1995 • 150 citations

Institutional trades and intra-day stock price behavior

1991 • 88 citations

Uncertainty and Delay in Bargaining

1990 • 75 citations

The informational role of prices

1991 • 53 citations

Durable Goods Monopoly with Incomplete Information

1992 • 46 citations

Execution Costs and Investment Performance: An Empirical Analysis of Institutional Equity Trades

1998 • 35 citations

Transaction Costs in Dealer Markets: Evidence From The London Stock Exchange

1994 • 25 citations

Optimal Transparency in a Dealership Market with an Application to Foreign Exchange

1993 • 19 citations