An Empirical Examination of Market Maker Profits on the London Stock Exchange

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

A Theory of Intraday Patterns: Volume and Price Variability

1988 • 3,251 citations

A Simple Implicit Measure of the Effective Bid‐Ask Spread in an Efficient Market

1984 • 2,564 citations

Estimating the components of the bid/ask spread

1988 • 1,681 citations

Dealership market

1980 • 998 citations

Inferring the Components of the Bid‐Ask Spread: Theory and Empirical Tests

1989 • 951 citations

The Only Game in Town

1971 • 899 citations

Market microstructure

1976 • 533 citations

Trades, quotes, inventories, and information

1988 • 517 citations

The Microeconomics of Market Making

1986 • 370 citations

A Bayesian model of intraday specialist pricing

1991 • 357 citations

On the Estimation of Bid-Ask Spreads: Theory and Evidence

1988 • 244 citations

On Dealer Markets Under Competition

1980 • 176 citations

A Baysian Model of Intraday Specialist Pricing

1991 • 51 citations

Deleted Work

1955 • 0 citations