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A Theory of Trading Volume
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A Theory of Trading Volume
A Theory of Trading Volume
JK
Jonathan M. Karpoff
Jonathan M. Karpoff
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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...
Cited by 80 articles