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Introduction, 33. — The definition and measurement of transaction cost on the New York stock exchange, 35. — The determination of the ask-bid spread, 40. — The determination of the transaction rate, 45. — Statistical results, 46. — Summary and comments, 50. — Appendix I, 52. — Appendix II, 53.
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Harold Demsetz (Thu,) studied this question.
www.synapsesocial.com/papers/6a02166417d7260d29cae2c4 — DOI: https://doi.org/10.2307/1882244
Harold Demsetz
The Quarterly Journal of Economics
University of Chicago
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