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Which analytical design follows you to used by Faculty Fox, Glosten, and Rauterberg inside their current article

Peter Haslag and you can Matthew C

James J. Angel, Lawrence Age. Harris, and you may Chester S. Spatt, Security Exchange on the 21 st Millennium: An improve, 5 (), available at You Ties and you may Change Commission Industry Structure Website, Studies, Develops and Depth by Private Defense, Advances of the Private Defense, 2013 (detailing that, to have 2013, the new bid-inquire spread for the most drinking water 126 brings is step 1 cent), offered by

; come across also Ringgenberg, The newest Causal Perception out-of ) (making use of a document set you to definitely stands for “the real get across-sectional average of tradeable [sic] bonds on the You.S. marketplace” to display you to definitely “bid-ask spreads features generally , and are also close their lowest account from the time)(working report), offered by