Welfare and Optimal Trading Frequency in Dynamic Double Auctions
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下载链接：
https://www.nber.org/papers/w20588
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资源简介：
This paper studies the welfare consequence of increasing trading speed in financial markets. We build and solve a dynamic trading model, in which traders receive private information of asset value over time and trade strategically with demand schedules in a sequence of double auctions. A stationary
提供机构：
美国国家经济研究局
创建时间：
2014-10-01
