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Bhidé, Amar
European financial management, June 2021, 2021-06-00, 20210601, Letnik: 27, Številka: 3Journal Article
Rules that restrict information required in negotiated private transactions have spurred a vast increase in the scope of anonymous financial markets, particularly in the United States. The subtle costs of the information‐restricting rules raise questions about the social value of “completing” anonymous markets that would not naturally survive and did not historically exist.
