Article : texte imprimé

Imperfect competition in financial markets : An empirical study of Island and Nasdaq

Bruno Biais, Auteur ; Christophe Bisière, Auteur ; Chester Spatt, Auteur |

Dans Management science (Vol. 56 N° 12, Décembre 2010)

The competition between Island and Nasdaq at the beginning of the century offers a natural laboratory to study competition between and within trading platforms and its consequences for liquidity supply. Our empirical strategy takes advantage of [...]

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