Outside and Inside Liquidity* The Quarterly Journal of Economics
Content V.D. Outside and Inside Liquidity in the Immediate and Delayed Trading Equilibria VI.C. Monopolistic Supply of Liquidity and Efficiency IX.C. Arbitrage Contagion: The Price of the Long Run Asset About Inside and Outside Liquidity We show that, when it exists, the delayed-trading equilibrium is Pareto superior to the immediate-trading equilibrium, despite the presence of […]
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