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OTC Trading vs. Exchanges: A welfare comparison

Author

Listed:
  • Venky Venkateswaran

    (NYU Stern School of Business)

  • Ali Shourideh

    (University of Pennsylavnia)

  • Benjamin Lester

    (Federal Reserve Bank of Philadelphia)

Abstract

latter, frictional markets lead to better outcomes.

Suggested Citation

  • Venky Venkateswaran & Ali Shourideh & Benjamin Lester, 2014. "OTC Trading vs. Exchanges: A welfare comparison," 2014 Meeting Papers 1107, Society for Economic Dynamics.
  • Handle: RePEc:red:sed014:1107
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