Market Microstructure.
Position | Program and Working Group Meetings - Conference news - Brief article |
The NBER's Working Group on Market Microstructure met in Cambridge on December 2. Tarun Chordia of Emory University; Amit Goyal of the University of Lausanne; Joel Hasbrouck of New York University; Research Associate Bruce Lehmann of University of California, San Diego; Gideon Saar of Cornell University; and Avanidhar Subrahmanyam of University of California, Los Angeles, organized the meeting. These researchers' papers were presented and discussed:
* Lin William Cong and Douglas Xun Xu, University of Chicago, "Rise of Factor Investing: Asset Prices, Informational Efficiency, and Security Design"
* Paolo Pasquariello, University of Michigan, "Agency Costs and Strategic Speculation in the U.S. Stock Market"
* Jennifer Conrad, University of North Carolina at Chapel Hill, and Sunil Wahal, Arizona State University, "The Term Structure of Liquidity Provision"
* Andriy...
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