The Equilibrium Dynamics for an Endogeneous Bid-Ask Spread in a Monopolistic financial Market
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چکیده
منابع مشابه
The Equilibrium Dynamics for an Endogeneous Bid-Ask Spread in Financial Markets
In this paper an endogeneous model for the dynamics of the bid-ask spread is derived in the setting of equilibrium ...nancial markets as described by Platen and Rebolledo (1996). An intermediary is hereby added to the original model. The market of Platen and Rebolledo is split into two di¤erent markets: one in which the intermediary is the demand side facing the supply of economic agents, with ...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2000
ISSN: 1556-5068
DOI: 10.2139/ssrn.880438