The Dynamics of Dealer Markets Under Competition

COUNTERSPECULATION, AUCTIONS, AND COMPETITIVE SEALED TENDERS

1961 • 7,189 citations

The Cost of Transacting

1968 • 1,909 citations

Information Effects on the Bid‐Ask Spread

1983 • 1,852 citations

Optimal dealer pricing under transactions and return uncertainty

1981 • 1,424 citations

THE SUPPLY OF DEALER SERVICES IN SECURITIES MARKETS

1978 • 1,374 citations

Dealership market

1980 • 998 citations

THE PRICING OF SECURITY DEALER SERVICES: AN EMPIRICAL STUDY OF NASDAQ STOCKS

1978 • 648 citations

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

1974 • 590 citations

Market microstructure

1976 • 533 citations

The Economics of Liquidity Services

1972 • 440 citations

Transaction Costs, Order Placement Strategy, and Existence of the Bid-Ask Spread

1981 • 394 citations

Information Effects on the Bid-Ask Spread

1983 • 381 citations

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

1972 • 189 citations

Structural Organization of Secondary Markets: Clearing Frequency, Dealer Activity and Liquidity Risk

1979 • 179 citations

On Dealer Markets Under Competition

1980 • 176 citations

Implications of Microstructure Theory for Empirical Research on Stock Price Behavior

1980 • 172 citations

Marketplace Fragmentation, Competition, and the Efficiency of the Stock Exchange

1979 • 120 citations

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

1971 • 73 citations

The Optimal Pricing Policy of a Monopolistic Marketmaker in the Equity Market

1983 • 55 citations

Continuous Versus Intermittent Trading on Auction Markets

1979 • 20 citations

The Optimal Pricing Policy of a Monopolistic Marketmaker in the Equity Market

1983 • 11 citations