A Theory of Trading Volume
- 1 December 1986
- journal article
- Published by JSTOR in The Journal of Finance
- Vol. 41 (5) , 1069-1087
- https://doi.org/10.2307/2328164
Abstract
A theory of trading volume is developed based on assumptions that market agents frequently revise their demand prices and randomly encounter potential trading partners. The model describes two distin...Keywords
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