The impact of designated market makers on security prices

A New Approach to Consumer Theory

1966 • 7,454 citations

A New Approach to Consumer Theory

1976 • 7,247 citations

The Capital Asset Pricing Model: Some Empirical Tests

1972 • 2,784 citations

The Cost of Transacting

1968 • 1,909 citations

Stochastic Processes

1962 • 1,343 citations

Market and Industry Factors in Stock Price Behavior

1966 • 866 citations

ON THE ASSESSMENT OF RISK

1971 • 736 citations

Public Regulation of the Securities Markets

1964 • 711 citations

Determinants of bid-asked spreads in the over-the-counter market

1974 • 590 citations

PORTFOLIO ANALYSIS, MARKET EQUILIBRIUM AND CORPORATION FINANCE

1969 • 457 citations

The Economics of Liquidity Services

1972 • 440 citations

The Association Between Market-Determined and Accounting-Determined Measures of Systematic Risk: Some Further Evidence

1975 • 222 citations

Toward a Fully Automated Stock Exchange, Part I

1971 • 201 citations

Competition and the Pricing of Dealer Service in the Over-the-Counter Stock Market

1972 • 189 citations

The stock market and economic efficiency

1965 • 147 citations

SIZE, LEVERAGE, AND DIVIDEND RECORD AS DETERMINANTS OF EQUITY RISK

1975 • 135 citations

The Consumer Does Benefit From Feasible Price Stability

1972 • 126 citations

MARKETABILITY OF COMMON STOCKS IN CANADA AND THE U.S.A.: A COMPARISON OF AGENT VERSUS DEALER DOMINATED MARKETS

1974 • 123 citations

Portfolio Analysis, Market Equilibrium and Corporation Finance

1969 • 113 citations

PRICE, BETA, AND EXCHANGE LISTING

1973 • 113 citations

The Market Model Applied to European Common Stocks: Some Empirical Results

1974 • 101 citations

On the Assessment of Risk

1971 • 84 citations

COMPARATIVE ANALYSIS OF RISK MEASURES: FRANCE AND THE UNITED STATES*

1974 • 81 citations

THE RETURNS GENERATION PROCESS, RETURNS VARIANCE, AND THE EFFECT OF THINNESS IN SECURITIES MARKETS

1978 • 80 citations

Which Road to an Efficient Stock Market: Free Competition or Regulated Monopoly?

1971 • 73 citations

A Model of Capital Asset Risk

1972 • 72 citations

Performance Evaluation of New York Stock Exchange Specialists

1974 • 64 citations

Evidence on the Presence and Causes of Serial Correlation in Market Model Residuals

1977 • 61 citations

The balance of payments: free versus fixed exchange rates

1967 • 59 citations

Toward a Fully Automated Stock Exchange, Part II

1971 • 54 citations

A Theory of Speculation Relating Profitability and Stability

1959 • 49 citations

Comparative Analysis of Risk Measures: France and the United States

1974 • 43 citations

THE DETERMINANTS OF COMMON STOCK RETURNS VOLATILITY: AN INTERNATIONAL COMPARISON

1976 • 43 citations

Thinness in Capital Markets: The Case of the Tel Aviv Stock Exchange

1975 • 39 citations

Externalities and Welfare.

1973 • 38 citations

Some Factors Affecting Stock Price Variability

1966 • 37 citations

MARKET‐MAKING AND THE ASSESSMENT OF MARKET EFFICIENCY

1975 • 35 citations

Marketability of Common Stocks in Canada and the U.S.A.: A Comparison of Agent Versus Dealer Dominated Markets

1974 • 32 citations

Size, Leverage, and Dividend Record as Determinants of Equity Risk

1975 • 30 citations

Basic Yields of Corporate Bonds, 1900-1942

1942 • 29 citations

The Returns Generation Process, Returns Variance, and the Effect of Thinness in Securities Markets

1978 • 25 citations

QUALITY VERSUS PRICE AS FACTORS INFLUENCING COMMON STOCK PRICE FLUCTUATIONS

1951 • 24 citations

Price, Beta, and Exchange Listing

1973 • 24 citations

Another case of profitable destabilising speculation

1973 • 22 citations

From Orders to Trades: Some Alternative Market Mechanisms

1977 • 15 citations

Another case of profitable destabilizing speculation

1978 • 14 citations

Market-Making and the Assessment of Market Efficiency

1975 • 11 citations

A multivariate analysis of stock price variability

1973 • 11 citations

The Determinants of Common Stock Returns Volatility: An International Comparison

1976 • 10 citations

Comment: Assessing the Impact of Stock Exchange Specialists on Stock Volatility

1976 • 9 citations

[The Consumer does Benefit from Feasible Price Stability]: Rejoinder

1972 • 8 citations

On the time-behavior of financial parameters : an investigation of the intervaling effect

1977 • 8 citations

Welfare Aspects of Exchange Rate Uncertainty

1974 • 7 citations

Expected Growth, Required Return, and the Variability of Stock Prices

1970 • 7 citations

Quality Versus Price as Factors Influencing Common Stock Price Fluctuations

1951 • 5 citations

Reply: Specialists' Performance and Serial Dependence of Stock Price Changes

1976 • 5 citations

Reflections on the Role and Functioning of the Organized Exchanges

1971 • 3 citations

THE EFFICIENCY OF TAXES AND SUBSIDIES IN REDUCING EMISSION BY A RISK-AVERSE FIRM

1976 • 2 citations

Toward a National System of Securities Exchanges: The Third and Fourth Markets

1972 • 1 citations