Brown, William O.; Mulherin, J. Harold; Weidenmier, Marc D. - In: The Quarterly Journal of Economics 123 (2008) 4, pp. 1679-1719
Research on information economics and securities markets dating back to Stigler (Journal of Political Economy, 69 (1961), 213-225; Journal of Business, 37 (1964), 117-142) argues that trading will tend to centralize in major market centers such as the New York Stock Exchange (NYSE). The NYSE's...
