作者: Jared G. Carlberg , Clement E. Ward
DOI: 10.1017/S1074070800028352
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摘要: Price discovery is a frequent topic of research, but many times not clearly defined and thus purported to cover myriad topics. This article provides two alternative theories as the basis for one line price research. Empirical models consistent with are estimated using common data set. results differ expected. evidences why theoretical an empirical model depends on defining objective(s)