Securities Markets

  1. Information, Trade and Common Knowledge (with Nancy Stokey), Journal of Economic Theory, 26, 1982, 17‑27.
  2. Private Information in an Auction‑Like Securities Market, Auctions, Bidding and Contracting: Uses and Theory, edited by R. Engelbrecht‑Wiggans, M. Shubik and R. Stark, New York: New York University Press, New York, 1983.
  3. Bid, Ask and Transactions Prices in a Specialist Market with Insider Trading (with Larry Glosten), Journal of Financial Economics, 14, 1985, 71‑100.
    • Reprinted in Financial Intermediaries, Mervyn Lewis (ed), London: Edward Elgar Publishing, 1984.
    • Reprinted in Microstructure: The Organization of Trading and Short Term Price Behavior, edited by Hans R Stoll, London: Edward Elgar Publishing, 1999.
  4. The Real Output of the Stock Exchange (with Timothy F. Bresnahan and Jonathan Paul), Output Measurement in the Services Sectors, edited by Zvi Griliches, 1992, 195-216.