Bid-Ask Spreads in Multiple-Dealer Settings: Some Experimental Evidence - Bid-ask spreads in multiple-dealer settings are examined using an experimental-economics method, manipulating verbal communication and order preferencing across 18 sessions. Our results suggest that bid-ask spreads may be wider on NASDAQ because of the structure of the market, not from collusion among dealers
Year of publication: |
1999
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Authors: | Ackert, Lucy F. ; Church, Bryan K. |
Published in: |
Financial management. - Malden, Mass. [u.a.] : Wiley-Blackwell, ISSN 0046-3892, ZDB-ID 1860343. - Vol. 28.1999, 1, p. 75-88
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