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Theory on high-frequency traders (HFT) predicts that market liquidity for a security decreases in the number of HFT trading the security. We test this prediction by studying a new Canadian stock exchange, Alpha, that experienced the entry of 11 HFT firms over four years. Bid-ask spreads on Alpha...
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-Sonis spatial competition model estimated by the SUR method on the other hand. The results show a lack of convergence of living …
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, which lead to changes in the market environment and intensity of competition in the wine markets. Overall, wine cooperatives …
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Innovation is critical to technological progress and has many theories to explain its processes. Organised competition … rates and radicalness. This research introduces and develops the new staged competition innovation theory which builds on … decision-making and technological, organisational, and environmental characteristics of industry-based competition can drive …
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competition as a contested theoretical concept into concrete indicators within a legally binding document, the paper produces …
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