Browsing The Economic and Social Review, Vol. 26, No. 1, October, 1994 by Subject "Equities"
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The implicit costs of trading in a jointly listed Irish equity
(Economic & Social Studies, Dublin, 1994)The paper invokes the concept of an implicit bid-ask spread in the Irish Stock Market and measures the consequent cost to traders as the expected gap between the price of sell and buy orders when these have been executed ...