Designated Sponsors and Bid-Ask Spreads on Xetra

Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations

Manuel Arellano, Stephen Bond · The Review of Economic Studies · 1991 · 32.8K citations

Social Sciences, Economics, Causal Inference +16

Continuous Auctions and Insider Trading

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

Business, Economics, Auction Theory +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

Social Sciences, Economics, Auction Theory +7

The Cost of Transacting

Harold Demsetz · The Quarterly Journal of Economics · 1968 · 1.9K citations

Business, Business Economics, Auction Theory +11

Optimal dealer pricing under transactions and return uncertainty

Thomas Ho, Hans R. Stoll · Journal of Financial Economics · 1981 · 1.4K citations

Business, Economics, Finance +12