Auflistung LIF-SAFE Working Papers nach Autor "Garrido, Nicolás"
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A Tale of One Exchange and Two Order Books: Effects of Fragmentation in the Absence of Competition
Bernales, Alejandro; Garrido, Nicolás; Sagade, Satchit; Valenzuela, Marcela; Westheide, Christian (2018-10-01)Exchanges nowadays routinely operate multiple, almost identically structured limit order markets for the same security. We study the effects of such fragmentation on market performance using a dynamic model where agents ...