A Simple Implicit Measure of the Effective Bid-Ask Spread in an Efficient Market

• 1 September 1984
• journal article
• Published by JSTOR in The Journal of Finance
• Vol. 39  (4) , 1127-1139
• https://doi.org/10.2307/2327617

Abstract

Keywords

• EFFECTIVE BID
• MARKET
• EFFICIENT
• SPREAD
• ASK
• SIMPLE IMPLICIT MEASURE