optimal trading strategies. Chapter one analyzes the effect on the liquidity of a stock when it is traded on multiple trading …

performance evaluation of the divisions. In this paper we use cooperative game theory and simulation to assess the possibility to …

It is well established that investors price market liquidity risk. Yet, there exists no financial claim contingent on … liquidity. We propose a contract to hedge uncertainty over future transaction costs, detailing potential buyers and sellers …. Introducing liquidity derivatives in Brunnermeier and Pedersen (2009) improves financial stability by mitigating liquidity spirals …