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The competitive stock market as cartel maker : some examples

Rubinstein, Ariel; Yaari, Menahem E. - 1983

Persistent link: https://www.econbiz.de/10002720167

Richards, Dan - 2017

We use a new data set to examine the equity price impact of announced cartel investigations. Unlike prior research, we … estimate normal returns using the Fama-French (1993) three-factor model. We find that cartel investigation announcements have a … loss is notably less than the estimated present value of profits lost due to cartel termination, implying that cartel …

Persistent link: https://www.econbiz.de/10012970852

High-frequency traders and market structure

Menkveld, Albert J. - In: The financial review : the official publication of the … 49 (2014) 2, pp. 333-344

Persistent link: https://www.econbiz.de/10010363580

Competition between equity markets : a review of the consolidation versus fragmentation debate

Gomber, Peter; Sagade, Satchit; Theissen, Erik; Weber, … - 2016

Technological advances and regulatory initiatives have led to the emergence of a competitive, but fragmented, equity trading landscape in several markets around the world. While these changes have coincided with benefits like reduced transaction costs, advancements in trading technology, and...

Persistent link: https://www.econbiz.de/10012061046