Instability of Centralized Markets

Centralized markets reduce the costs of search for buyers and sellers. Their ‘thickness' increases the chance of order execution at competitive prices. In spite of the incentives to consolidate, some markets, securities markets and online advertising, being the most notable, are fragmented into multiple trading venues. We argue that fragmentation is an inevitable feature of any centralized market except in certain special circumstances

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Year of publication:	2017
Authors:	Peivandi, Ahmad
Other Persons:	Vohra, Rakesh (contributor)
Publisher:	[2017]: [S.l.] : SSRN
Subject:	Marktmechanismus \| Market mechanism \| Theorie \| Theory

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Extent:	1 Online-Ressource (29 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments August 2, 2017 erstellt
Other identifiers:	10.2139/ssrn.3012889 [DOI]
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012950620