Bid, ask and transaction prices in a specialist market with heterogeneously informed traders

A-Tier

Journal: Journal of Financial Economics

Year: 1985

Volume: 14

Issue: 1

Pages: 71-100

Authors (2)

Glosten, Lawrence R. (not in RePEc) Milgrom, Paul R. (Stanford University)

Score contribution per author:

2.011 = (α=2.01 / 2 authors) × 2.0x A-tier

α: calibrated so average coauthorship-adjusted count equals average raw count