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A discrete and symmetric price adjustment process on the simplex

โœ Scribed by Jan Tuinstra


Book ID
104293697
Publisher
Elsevier Science
Year
2000
Tongue
English
Weight
362 KB
Volume
24
Category
Article
ISSN
0165-1889

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Impact of the price adjustment process a
โœ Shi-Miin Liu; Sarahelen Thompson; Paul Newbold ๐Ÿ“‚ Article ๐Ÿ“… 1992 ๐Ÿ› John Wiley and Sons ๐ŸŒ English โš– 730 KB

Three major types of price-adjustment delays caused by institutional factors are discussed by Cohen, Maier, Schwartz, and Whitcomb (CMSW) (1986, p. 114): (1) transaction price adjustments lag quotation price adjustments; (2) specialist-dealers impede quotation price adjustments; and (3) quotation pr