The Highest Price Ever: The Great NYSE Seat Sale of 1928-1929 and Capacity Constraints
收藏NBER2005-08-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w11556
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资源简介：
A surge in orders during the stock market boom of the late 1920s collided against the constraint created by the fixed number of brokers on the New York Stock Exchange. Estimates of the determinants of individual stock bid-ask spreads from panel data reveal that spreads jumped when volume spiked,
提供机构：
美国国家经济研究局
创建时间：
2005-08-01
