market over the period 19912007. They use weekly posted prices of the major mortgage providers to study the degree of … competition in mortgage price setting. Their results suggest that the residential mortgage market is imperfectly competitive. They … find distinct price leaders and that, as market concentration increases, so does price dispersion helped by the increased …

Trading System on how to design a market that operates efficiently and effectively. By learning from the experience of other …

Most financial markets allow investors to submit both limit and market orders, but it is not always clear what affects … of the order book, and price uncertainty influence the rate of submission of limit and market orders. The authors measure … duration model. They find that the execution of market orders, as well as changes in the level of price uncertainty and market …

market over the period 1991–2007. They use weekly posted prices of the major mortgage providers to study the degree of … competition in mortgage price setting. Their results suggest that the residential mortgage market is imperfectly competitive. They … find distinct price leaders and that, as market concentration increases, so does price dispersion - helped by the increased …

The aims of this study are to examine how liquidity in the Government of Canada securities market has evolved over the … 1990s and to determine what factors influence the level of liquidity in this market, with some comparisons to the U ….S. Treasury securities market. We find empirical support for the hypothesis that an increase in effective supply of the securities …

This paper studies the role that market structure plays in affecting the diffusion of electronic banking. Electronic … online by affecting the relative quality of the online and offline options. Their ability to do so is a function of market …

market. This information asymmetry can make the market incomplete and create ex post misallocations. Households that are …

This paper measures market power in a decentralized market where contracts are determined through a search and … the different channels through which market power can arise for a given transaction in this environment. There are two … main sources of market power. The first is search frictions. We find that over the five year period of the contract the …

rates depend on individual, contractual, and shopping market characteristics. There is also an important amount of …