Efstathios Avdis Oct 08,2020
Working Paper No.00051-02
Long-held intuition dictates that information-based trade is impossible without exogenous noise. Risk seekers can resolve this conundrum. Even though such... Read More
Darrell Duffie , Haoxiang Zhu Jul 06,2018
Working Paper No.00040-00
Size-discovery mechanisms allow large quantities of an asset to be exchanged at a price that does not respond to... Read More