Identification of multiple equation probit models with endogenous dummy regressors
Joachim Wilde
Economics Letters,
Nr. 69,
2000
Abstract
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The Total Cost of Trading Belgian Shares: Brussels versus London
Hans Degryse
Journal of Banking and Finance,
Nr. 9,
1999
Abstract
Since 1990, London’s SEAQ International (SEAQ-I) has attracted considerable trading volume in Belgian equities. This paper investigates competition between the Brussels CATS market and London’s SEAQ-I. Toward this end, we gathered extensive limit order book data as well as transactions and quotation information. With regard to liquidity (indirect costs), measured by the quoted and effective bid–ask spread, the paper concludes that CATS outperforms SEAQ International for both measures. The effective spread is of course substantially smaller than the quoted spread, with the CATS effective spread showing a U-shaped form. This paper, unique in employing an extensive data set that includes all hidden orders and the whole limit order book, produces results in line with the different market microstructure models. Total trading costs on CATS are lower (higher) for small (large) trade sizes.
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The "German Model" in Decline
Jens Hölscher, Johannes Stephan
East Germany’s Economic Development since Unification,
1998
Abstract
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Corporate Taxation and Capital Structure Choice in Germany: A General Equilibrium Model
Reint E. Gropp
FinanzArchiv,
Nr. 2,
1995
Abstract
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Une présentation brève du modèle SNUS-1 (Straßenverkehrs-Nachfrage, Unfälle und ihre Schwere)
Ulrich Blum
Modèlisation de l insècuritè routière, Paradigme,
1993
Abstract
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Rsquare in restricted linear models (zusammen mit Knautz, H.)
Joachim Wilde
Communications in Statistics-Theory and Methods,
Nr. 22,
1993
Abstract
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A Spatial Model of the State
Ulrich Blum, Leonard Dudley
Zeitschrift für die gesamte Staatswissenschaft (Journal of Institutional and Theoretical Economics),
1991
Abstract
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Aggregate Time Series Gasoline Demand Models: Review of Literature and New Evidence for West Germany
Ulrich Blum, Marc Gaudry, Gertraud Foos
Transportation Research A 22,
1988
Abstract
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The Input-Output-Model of the GDR Forest Sector
Hans-Ulrich Brautzsch
Input-Output-Modelling,
1987
Abstract
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