Welfare and Optimal Trading Frequency in Dynamic Double Auctions
收藏数据链接：
官方服务：
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
