Two Different Market Structures Thus, by 2004 the U.S. securities market was characterized by two entirely different trading structures. For NYSE-listed securities (as well as those listed on the ...

The purpose of this paper is to develop a simple model that generates alternative market structures as Nash equilibria for different parameterizations of the basic model. Familiar configurations such ...

In this paper we study the effect of market structure on the trade performance of South Korea, Taiwan, and Japan. We center our analysis on Korea and Taiwan, countries which have very different market ...