Life in the Pits: Competitive Market Making and Inventory Control

Abstract

Journal Article Life in the Pits: Competitive Market Making and Inventory Control Get access Steven Manaster, Steven Manaster University of Utah Address correspondence to Steven C. Mann, M. J. Neeley School of Business, Texas Christian University, P.O. Box 32868, Fort Worth, TX 76129. Search for other works by this author on: Oxford Academic Google Scholar Steven C. Mann Steven C. Mann Texas Christian University Search for other works by this author on: Oxford Academic Google Scholar The Review of Financial Studies, Volume 9, Issue 3, July 1996, Pages 953–975, https://doi.org/10.1093/rfs/9.3.953 Published: 03 June 2015