Arbeitspapier
The Evolution of Securities Market Organisation
An analysis of Walras' and Marshall's explanation of competitive price notes that both model actually existing, but different, forms of trading in stock markets, a call auction and a continous auction respectively. Although Walras uses market organisation to ensure complete information, under simultaneous trading his analysis joints Marshall who assumes the existence of "perfectly informed dealers". The paper build on the problems of market regulation in condition of simultaneous and continous tradeing to aasess the evolution of the New York market from call to the continous trading and the institution of singl capacity trading with fixed commissions on the London market.
- Language
-
Englisch
- Bibliographic citation
-
Series: Quaderni - Working Paper DSE ; No. 189
- Classification
-
Wirtschaft
- Event
-
Geistige Schöpfung
- (who)
-
Kregel, Jan Allen
- Event
-
Veröffentlichung
- (who)
-
Alma Mater Studiorum - Università di Bologna, Dipartimento di Scienze Economiche (DSE)
- (where)
-
Bologna
- (when)
-
1994
- DOI
-
doi:10.6092/unibo/amsacta/5137
- Handle
- Last update
-
10.03.2025, 11:43 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Kregel, Jan Allen
- Alma Mater Studiorum - Università di Bologna, Dipartimento di Scienze Economiche (DSE)
Time of origin
- 1994
Other Objects (12)
Canadian securities lending market ecology
Secondary market trading infrastructure of government securities
Institutional Investors, Pension Reform, and Emerging Securities Markets
Euro area corporate debt securities market: first empirical evidence
Repo market effects of the term securities lending facility
Securities market ATSs concepts, their roles and related policy issues
Securities Transaction Tax in France: Impact on market quality and inter-market price coordination
Securities lending
Price Discovery for Cross-Listed Securities from Emerging Eastern European Countries
Capital-Market Effects of Securities Regulation: The Role of Implementation and Enforcement
Collateral scarcity and market functioning: Insights from the eurosystem securities lending facilities
Securities Market Equilibrium Without Bankruptcy: Contingent ClaimValuation and the Martingale Property
Canadian securities lending market ecology
Secondary market trading infrastructure of government securities
Institutional Investors, Pension Reform, and Emerging Securities Markets
Euro area corporate debt securities market: first empirical evidence
Repo market effects of the term securities lending facility
Securities market ATSs concepts, their roles and related policy issues
Securities Transaction Tax in France: Impact on market quality and inter-market price coordination
Securities lending
Price Discovery for Cross-Listed Securities from Emerging Eastern European Countries
Capital-Market Effects of Securities Regulation: The Role of Implementation and Enforcement
Collateral scarcity and market functioning: Insights from the eurosystem securities lending facilities
Securities Market Equilibrium Without Bankruptcy: Contingent ClaimValuation and the Martingale Property
Canadian securities lending market ecology
Secondary market trading infrastructure of government securities
Institutional Investors, Pension Reform, and Emerging Securities Markets
Euro area corporate debt securities market: first empirical evidence
Repo market effects of the term securities lending facility
Securities market ATSs concepts, their roles and related policy issues
Securities Transaction Tax in France: Impact on market quality and inter-market price coordination
Securities lending
Price Discovery for Cross-Listed Securities from Emerging Eastern European Countries
Capital-Market Effects of Securities Regulation: The Role of Implementation and Enforcement
Collateral scarcity and market functioning: Insights from the eurosystem securities lending facilities