Liquidity Provision and Noise Trading: Evidence from the “Investment Dartboard” Column

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

Inferring Trade Direction from Intraday Data

1991 • 2,983 citations

Market microstructure theory

1995 • 1,457 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

Market Microstructure Theory.

1996 • 1,263 citations

Spreads, Depths, and the Impact of Earnings Information: An Intraday Analysis

1993 • 1,050 citations

Why Do Security Prices Change? A Transaction-Level Analysis of NYSE Stocks

1997 • 943 citations

The Information Content of Annual Earnings Releases: A Trading Volume Approach

1986 • 381 citations

Unexpected Earnings, Firm Size, and Trading Volume around Quarterly Earnings Announcements

2016 • 324 citations

The "Dartboard" Column: Second-Hand Information and Price Pressure

1993 • 306 citations

The behavior of daily stock market trading volume

1989 • 290 citations

Price and Trading Volume Reaction Surrounding Earnings Announcements: A Closer Examination

1981 • 280 citations

The Wall Street Journal contests: the experts, the darts, and the efficient market hypothesis

1994 • 47 citations