Do networks in the stock exchange industry pay off? European evidence
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- Garth Saloner & Andrea Shepard, 1995. "Adoption of Technologies with Network Effects: An Empirical Examination of the Adoption of Teller Machines," RAND Journal of Economics, The RAND Corporation, vol. 26(3), pages 479-501, Autumn.
- Pagano, Marco & Randl, Otto & Roell, Ailsa A. & Zechner, Josef, 2001.
"What makes stock exchanges succeed? Evidence from cross-listing decisions,"
European Economic Review, Elsevier, vol. 45(4-6), pages 770-782, May.
- Marco Pagano & Otto Randl & Ailsa A. Röell & Josef Zechner, 2000. "What Makes Stock Exchanges Succeed? Evidence from Cross-Listing Decisions," CSEF Working Papers 50, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy.
- Pagano, Marco & Röell, Ailsa & Zechner, Josef & Randl, Otto, 2001. "What Makes Stock Exchanges Succeed? Evidence from Cross-Listing Decisions," CEPR Discussion Papers 2683, C.E.P.R. Discussion Papers.
- Nicholas Economides & Robert A. Schwartz,, "undated".
"Equity Trading Practices and Market Structure: Assessing Asset Managers' Demand for Immediacy,"
Financial Networks
9508, Economics of Networks.
- Nicholas Economides & Robert A. Schwartz, 1995. "Equity Trading Practices and Market Structure: Assessing Asset Managers' Demand for Immediacy," Working Papers 95-08, New York University, Leonard N. Stern School of Business, Department of Economics.
- Pirrong, Craig, 1999. "The organization of financial exchange markets: Theory and evidence," Journal of Financial Markets, Elsevier, vol. 2(4), pages 329-357, November.
- Economides, Nicholas & Siow, Aloysius, 1988. "The Division of Markets is Limited by the Extent of Liquidity (Spatial Competition with Externalities)," American Economic Review, American Economic Association, vol. 78(1), pages 108-121, March.
- Nicholas Economides, 1997.
"The Economics of Networks,"
Brazilian Electronic Journal of Economics, Department of Economics, Universidade Federal de Pernambuco, vol. 1(0), December.
- Economides, Nicholas, 1996. "The economics of networks," International Journal of Industrial Organization, Elsevier, vol. 14(6), pages 673-699, October.
- Nicholas Economides, 1995. "The Economics of Networks," Working Papers 94-24, New York University, Leonard N. Stern School of Business, Department of Economics, revised Sep 1995.
- Nicholas Economides, 1997. "The Economics of Networks," Industrial Organization 9701002, University Library of Munich, Germany.
- repec:zbw:bofrdp:2002_004 is not listed on IDEAS
- repec:zbw:bofrdp:2001_022 is not listed on IDEAS
- Katz, Michael L & Shapiro, Carl, 1985. "Network Externalities, Competition, and Compatibility," American Economic Review, American Economic Association, vol. 75(3), pages 424-440, June.
- Shy,Oz, 2001.
"The Economics of Network Industries,"
Cambridge Books,
Cambridge University Press, number 9780521800952, October.
- Shy,Oz, 2001. "The Economics of Network Industries," Cambridge Books, Cambridge University Press, number 9780521805001, October.
- Marco Pagano & Ailsa A. Röell & Josef Zechner, 2002.
"The Geography of Equity Listing: Why Do Companies List Abroad?,"
Journal of Finance, American Finance Association, vol. 57(6), pages 2651-2694, December.
- Marco Pagano & Ailsa A. Roell & Joseph Zechner, 1999. "The Geography of Equity Listing; Why Do Companies List Abroad?," CSEF Working Papers 28, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy, revised 01 Sep 2001.
- Pagano, Marco & Röell, Ailsa & Zechner, Josef, 2001. "The Geography of Equity Listing: Why Do Companies List Abroad?," CEPR Discussion Papers 2681, C.E.P.R. Discussion Papers.
- Foerster, Stephen R. & Karolyi, G. Andrew, 1998. "Multimarket trading and liquidity: a transaction data analysis of Canada-US interlistings," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 8(3-4), pages 393-412, December.
- Domowitz, Ian, 1995. "Electronic derivatives exchanges: Implicit mergers, network externalities, and standardization," The Quarterly Review of Economics and Finance, Elsevier, vol. 35(2), pages 163-175.
- Katz, Michael L & Shapiro, Carl, 1986. "Technology Adoption in the Presence of Network Externalities," Journal of Political Economy, University of Chicago Press, vol. 94(4), pages 822-841, August.
- Blass, Asher & Yafeh, Yishay, 2001. "Vagabond shoes longing to stray: Why foreign firms list in the United States," Journal of Banking & Finance, Elsevier, vol. 25(3), pages 555-572, March.
- Nicholas Economides & Jeff Heisler, "undated".
"Equilibrium Fee Schedules in a Monopolist Call Market,"
Financial Networks
94-15, Stern School of Bu, Economics of Networks.
- Nicholas Economides & Jeff Heisler, 1994. "Equilibrium Fee Schedules in a Monopolist Call Market," Working Papers 94-15, New York University, Leonard N. Stern School of Business, Department of Economics.
- Farrell, Joseph & Saloner, Garth, 1986. "Standardization and variety," Economics Letters, Elsevier, vol. 20(1), pages 71-74.
- repec:zbw:bofrdp:2001_021 is not listed on IDEAS
- repec:zbw:bofrdp:2002_011 is not listed on IDEAS
- Susan Chaplinsky & Latha Ramchand, 2000. "The Impact of Global Equity Offerings," Journal of Finance, American Finance Association, vol. 55(6), pages 2767-2789, December.
- repec:zbw:bofrdp:2003_001 is not listed on IDEAS
- Hasan, Iftekhar & Malkamaki, Markku, 2001. "Are expansions cost effective for stock exchanges? A global perspective," Journal of Banking & Finance, Elsevier, vol. 25(12), pages 2339-2366, December.
- Shy, Oz & Tarkka, Juha, 2001. "Stock exchange alliances, access fees and competition," Bank of Finland Research Discussion Papers 22/2001, Bank of Finland.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Iftekhar Hasan & Heiko Schmiedel, 2004. "Do networks in the stock exchange industry pay off? European evidence," International Finance 0405002, University Library of Munich, Germany.
- Hasan, Iftekhar & Schmiedel, Heiko, 2003.
"Do networks in the stock exchange industry pay off? : European evidence,"
Research Discussion Papers
2/2003, Bank of Finland.
- Iftekhar Hasan & Heiko Schmiedel, 2004. "Do networks in the stock exchange industry pay off? European evidence," International Finance 0405002, University Library of Munich, Germany.
- repec:zbw:bofrdp:2003_002 is not listed on IDEAS
- Hasan, Iftekhar & Schmiedel, Heiko, 2004. "Networks and equity market integration: European evidence," International Review of Financial Analysis, Elsevier, vol. 13(5), pages 601-619.
- Oz Shy, 2011.
"A Short Survey of Network Economics,"
Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 38(2), pages 119-149, March.
- Oz Shy, 2010. "A short survey of network economics," Working Papers 10-3, Federal Reserve Bank of Boston.
- Daniel Birke, 2009.
"The Economics Of Networks: A Survey Of The Empirical Literature,"
Journal of Economic Surveys, Wiley Blackwell, vol. 23(4), pages 762-793, September.
- Daniel Birke, 2008. "The economics of networks - A survey of the empirical literature," Occasional Papers 22, Industrial Economics Division.
- Heli Koski & Tobias Kretschmer, 2004.
"Survey on Competing in Network Industries: Firm Strategies, Market Outcomes, and Policy Implications,"
Journal of Industry, Competition and Trade, Springer, vol. 4(1), pages 5-31, March.
- Koski, Heli & Kretschmer, Tobias, 2004. "Survey on competing in network industries : firm strategies, market outcomes, and policy implications," LSE Research Online Documents on Economics 803, London School of Economics and Political Science, LSE Library.
- Camilleri, Silvio John, 2006. "Strategic Priorities for Stock Exchanges in New EU Member States," MPRA Paper 62494, University Library of Munich, Germany.
- John Board & Charles Sutcliffe & Stephen Wells, 2002. "Transparency and Fragmentation," Palgrave Macmillan Books, Palgrave Macmillan, number 978-1-4039-0707-3, December.
- Nicholas Economides, 1997.
"The Economics of Networks,"
Brazilian Electronic Journal of Economics, Department of Economics, Universidade Federal de Pernambuco, vol. 1(0), December.
- Economides, Nicholas, 1996. "The economics of networks," International Journal of Industrial Organization, Elsevier, vol. 14(6), pages 673-699, October.
- Nicholas Economides, 1995. "The Economics of Networks," Working Papers 94-24, New York University, Leonard N. Stern School of Business, Department of Economics, revised Sep 1995.
- Nicholas Economides, 1997. "The Economics of Networks," Industrial Organization 9701002, University Library of Munich, Germany.
- Caglio, Cecilia & Hanley, Kathleen Weiss & Marietta-Westberg, Jennifer, 2016. "Going public abroad," Journal of Corporate Finance, Elsevier, vol. 41(C), pages 103-122.
- Fabio Manenti & Ernesto Somma, 2008.
"One-Way Compatibility, Two-Way Compatibility and Entry in Network Industries,"
International Journal of the Economics of Business, Taylor & Francis Journals, vol. 15(3), pages 301-322.
- Fabio Maria Manenti & Ernesto Somma, 2002. "One-Way Compatibility, Two-Way Compatibility and Entry in Network Industries," SERIES 0004, Dipartimento di Economia e Finanza - Università degli Studi di Bari "Aldo Moro", revised Jan 2002.
- Fabio M. Manenti & Ernesto Somma, 2002. "One-Way Compatibility, Two-Way Compatibility and Entry in Network Industries," Industrial Organization 0205001, University Library of Munich, Germany, revised 04 Oct 2002.
- Fabio Maria Manenti & Ernesto Somma, 2008. "One-Way Compatibility, Two-Way Compatibility and Entry in Network Industries," "Marco Fanno" Working Papers 0068, Dipartimento di Scienze Economiche "Marco Fanno".
- Manenti, Fabio M. & Ernesto Somma, 2002. "One-Way Compatibility, Two-Way Compatibility and Entry in Network Industries," Royal Economic Society Annual Conference 2002 136, Royal Economic Society.
- Jean-Jacques Herings, P. & Peeters, Ronald & Yang, Michael S., 2010.
"Competition against peer-to-peer networks,"
Information Economics and Policy, Elsevier, vol. 22(4), pages 315-331, December.
- Herings, P.J.J. & Peeters, R.J.A.P. & Yang, M., 2008. "Competition against peer-to-peer networks," Research Memorandum 020, Maastricht University, Maastricht Research School of Economics of Technology and Organization (METEOR).
- Klaus CONRAD, 2005. "Price Competition and Product Differentiation when Goods have Network Effects," Industrial Organization 0502002, University Library of Munich, Germany.
- Laura Baraldi, 2004. "Esternalita' Di Rete: Una Rassegna," Working Papers 12_2004, D.E.S. (Department of Economic Studies), University of Naples "Parthenope", Italy.
- Belleflamme,Paul & Peitz,Martin, 2015.
"Industrial Organization,"
Cambridge Books,
Cambridge University Press, number 9781107687899, September.
- Belleflamme,Paul & Peitz,Martin, 2015. "Industrial Organization," Cambridge Books, Cambridge University Press, number 9781107069978, October.
- Milne, Alistair, 2006. "What is in it for us? Network effects and bank payment innovation," Journal of Banking & Finance, Elsevier, vol. 30(6), pages 1613-1630, June.
- Ewald Scherm & Christian Maaß, 2006. "Zum Stellenwert der Netzwerkökonomik in der Strategie-/Marketingforschung —Eine Analyse empirischer Untersuchungen," Metrika: International Journal for Theoretical and Applied Statistics, Springer, vol. 17(1), pages 27-46, March.
- Church Jeffrey & Gandal Neil & Krause David, 2008.
"Indirect Network Effects and Adoption Externalities,"
Review of Network Economics, De Gruyter, vol. 7(3), pages 1-22, September.
- Jeffrey Church & Neil Gandal & David Krause, 2003. "Indirect Network Effects and Adoption Externalities," Microeconomics 0301001, University Library of Munich, Germany.
- Gandal, Neil & Church, Jeffrey & Krause, David, 2003. "Indirect Network Effects and Adoption Externalities," CEPR Discussion Papers 3738, C.E.P.R. Discussion Papers.
- Hasan, Iftekhar & Malkamaki, Markku & Schmiedel, Heiko, 2003. "Technology, automation, and productivity of stock exchanges: International evidence," Journal of Banking & Finance, Elsevier, vol. 27(9), pages 1743-1773, September.
- Sarkissian, Sergei & Schill, Michael J., 2004. "Are There Permanent Valuation Gains to Overseas Listing? Evidence from Market Sequencing and Selection," Working Papers 05-4, University of Pennsylvania, Wharton School, Weiss Center.
More about this item
Keywords
stock exchanges; network externalities; remote access; Europe;All these keywords.
JEL classification:
- F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration
- G15 - Financial Economics - - General Financial Markets - - - International Financial Markets
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:zbw:bofrdp:rdp2003_002. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ZBW - Leibniz Information Centre for Economics (email available below). General contact details of provider: https://edirc.repec.org/data/bofgvfi.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.