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Competition for Order Flow and the Theory of Global Games

The impact of alternative trading systems on securities markets (Sprache: Englisch)
 
 
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Jutta A. Dönges applies the recent theory of global games to a model of intermarket competition and shows the existence of a unique equilibrium. The author investigates whether and under which circumstances alternative trading systems can co-exist with...
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Bestellnummer: 1494814

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