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Price volatility, welfare, and trading hours in asset markets

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  • Todd Smith, R.

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  • Todd Smith, R., 2001. "Price volatility, welfare, and trading hours in asset markets," Journal of Banking & Finance, Elsevier, vol. 25(3), pages 479-503, March.
    • Handle: RePEc:eee:jbfina:v:25:y:2001:i:3:p:479-503
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    References listed on IDEAS

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    1. repec:bla:jfinan:v:44:y:1989:i:3:p:557-69 is not listed on IDEAS
    2. Hart, Oliver D., 1975. "On the optimality of equilibrium when the market structure is incomplete," Journal of Economic Theory, Elsevier, vol. 11(3), pages 418-443, December.
    3. Kyle, Albert S, 1985. "Continuous Auctions and Insider Trading," Econometrica, Econometric Society, vol. 53(6), pages 1315-1335, November.
    4. Mendelson, Haim, 1987. "Consolidation, Fragmentation, and Market Performance," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 22(2), pages 189-207, June.
    5. Alan Kraus & Maxwell Smith, 1989. "Market Created Risk," Journal of Finance, American Finance Association, vol. 44(3), pages 557-569, July.
    6. Mendelson, Haim, 1982. "Market Behavior in a Clearing House," Econometrica, Econometric Society, vol. 50(6), pages 1505-1524, November.
    7. Kregel, J A, 1995. "Neoclassical Price Theory, Institutions, and the Evolution of Securities Market Organisation," Economic Journal, Royal Economic Society, vol. 105(429), pages 459-470, March.
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