EXECUTIVE SUMMARY *** Concerns about the market power of large corporations are growing. There are good reasons why …, there are still many questions about the effect of taxation on market structure: Is there a tax advantage associated with …

Trading System on how to design a market that operates efficiently and effectively. By learning from the experience of other … trading mechanism that contributes to the welfare of all Canadians. -- International topics ; Market structure and pricing …

This paper assesses the microstructure of the U.S. Treasury securities market, using newly available tick data from the …-, ten-, and thirty-year Treasury securities, we find that market liquidity is greater than that found in earlier studies … predicted by theory, such orders are more common when price volatility is higher. -- Microstructure ; Treasury market ; bid …

This paper studies the impact of market specific news on the short-time forward premia on the Scandinavian electricity … market. I show that the short time premia between the day-ahead and intra-day electricity prices on the Scandinavian market … can be explained by the arrival of news specific to the power market. By exploring the types of news I indicate that …

between time and market goods in home production of close to 2. Finally, we use the estimated elasticities for shopping and …

freedom to expose his trading intentions or (partially) shield the true order size against other market participants. Order … exposure can cause drastic market reactions ("market impact") in the end leading to higher transaction costs. On the other hand … this framework, we also study the market impact also market impact of limit orders. We provide optimal exposure profiles …