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Journal Article A Theory of Intraday Patterns: Volume and Price Variability Get access Anat R. Admati, Anat R. Admati Stanford University Search for other works by this author on: Oxford Academic Google Scholar Paul Pfleiderer Paul Pfleiderer Stanford University Search for other works by this author on: Oxford Academic Google Scholar The Review of Financial Studies, Volume 1, Issue 1, January 1988, Pages 3–40, https://doi.org/10.1093/rfs/1.1.3 Published: 03 April 2015
Admati et al. (Fri,) studied this question.
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