FRÖMMEL, M.; GYSEGEM, F VAN - Faculteit Economie en Bedrijfskunde, Universiteit Gent - 2014
order processing costs account for 47.09% of the spread and that, the combined inventory holding and adverse selection risk … spreads between peak-times and non-peak times. We find that the combined compensation for inventory holding and adverse … inventory overnight rises. Furthermore, we apply the model to the interesting spread pattern around a speculative attack. Here …