Wharton School, University of Pennsylvania and Johnson School, Cornell University, respectively. We thank Marshall Blume, Fernando Diz, Prajit Dutta, Thomas Finucane, Bruce Grundy, Lawrence Harris, Joel Hasbrouck, Richard Highfield, Eric Hughson, Shmuel Kandel, Donald Keim, Craig MacKinlay, Krishna Ramaswamy, Matthew Richardson, Mark Roomans, Oded Sarig, Laura Starks, René Stulz (editor), and an anonymous referee for their helpful comments. We have also benefitted from the comments of seminar participants at CalTech, Princeton, Syracuse, the Cornell-Rochester conference, the 1992 USC/UCLA/NYSE Conference on Market Microstructure, the 1992 Western Finance Association Meetings, and the 1992 European Finance Association Meetings. Research support from the Geewax-Terker Research Fund (Madhavan) is gratefully acknowledged. Any errors are entirely our own.
An Analysis of Changes in Specialist Inventories and Quotations
Article first published online: 30 APR 2012
1993 The American Finance Association
The Journal of Finance
Volume 48, Issue 5, pages 1595–1628, December 1993
How to Cite
MADHAVAN, A. and SMIDT, S. (1993), An Analysis of Changes in Specialist Inventories and Quotations. The Journal of Finance, 48: 1595–1628. doi: 10.1111/j.1540-6261.1993.tb05122.x
- Issue published online: 30 APR 2012
- Article first published online: 30 APR 2012
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