The Privacy Subsidy in Glosten-Milgrom: Bid-Ask Spread and Welfare under Flip-Noise Direction Observation¶

Bibliographic record. Follow the original-source link for the publication.

Field	Value
Topics	microstructure, execution_costs, research_methods
Authors	Yuki Nakamura
Published	2026-05-31
Source	arXiv Quantitative Finance History
Identifiers	arxiv:2605.19742
URL	Open original source

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