Concepedia

An equivalence between the Kyle (1985) and the Glosten—Milgrom (1985) models

Murugappa Krishnan

Economics Letters · 1992 · 23 citations · 2 references

DOI

Concepts

References

2

Continuous Auctions and Insider Trading

Albert S. Kyle · Econometrica · 1985 · 10K citations

, , +12

Bid, ask and transaction prices in a specialist market with heterogeneously informed traders

Lawrence R. Glosten, Paul Milgrom · Journal of Financial Economics · 1985 · 6.4K citations

, , +7