Matches in SemOpenAlex for { <https://semopenalex.org/work/W1563390304> ?p ?o ?g. }
Showing items 1 to 76 of
76
with 100 items per page.
- W1563390304 abstract "The execution, clearing, and settlement of financial transactions are all subject to substantial scale and scope economies which make each of these complementary functions a natural monopoly. Integration of trade, execution, and settlement in an exchange improves efficiency by economizing on transactions costs. When scope economies in clearing are more extensive than those in execution, integration is more costly, and efficient organization involves a trade-off of scope economies and transactions costs. A properly organized clearing cooperative can eliminate double marginalization problems and exploit scope economies, but can result in opportunism and underinvestment. Moreover, a clearing cooperative may exercise market power. Vertical integration and tying can foreclose entry, but foreclosure can be efficient because market power rents attract excessive entry. Integration of trading and post-trade services is the modal form of organization in financial markets, which is consistent with the hypothesis that transactional efficiencies explain organizational arrangements in these markets." @default.
- W1563390304 created "2016-06-24" @default.
- W1563390304 creator A5061874258 @default.
- W1563390304 date "2007-01-01" @default.
- W1563390304 modified "2023-09-27" @default.
- W1563390304 title "The Industrial Organization of Execution, Clearing and Settlement in Financial Markets" @default.
- W1563390304 hasPublicationYear "2007" @default.
- W1563390304 type Work @default.
- W1563390304 sameAs 1563390304 @default.
- W1563390304 citedByCount "5" @default.
- W1563390304 countsByYear W15633903042012 @default.
- W1563390304 crossrefType "posted-content" @default.
- W1563390304 hasAuthorship W1563390304A5061874258 @default.
- W1563390304 hasConcept C10138342 @default.
- W1563390304 hasConcept C106094368 @default.
- W1563390304 hasConcept C134697681 @default.
- W1563390304 hasConcept C144133560 @default.
- W1563390304 hasConcept C145097563 @default.
- W1563390304 hasConcept C162324750 @default.
- W1563390304 hasConcept C162853370 @default.
- W1563390304 hasConcept C199360897 @default.
- W1563390304 hasConcept C2775881736 @default.
- W1563390304 hasConcept C2777063073 @default.
- W1563390304 hasConcept C2777313351 @default.
- W1563390304 hasConcept C2778012447 @default.
- W1563390304 hasConcept C2781127519 @default.
- W1563390304 hasConcept C29321873 @default.
- W1563390304 hasConcept C34447519 @default.
- W1563390304 hasConcept C40700 @default.
- W1563390304 hasConcept C41008148 @default.
- W1563390304 hasConcept C98965940 @default.
- W1563390304 hasConceptScore W1563390304C10138342 @default.
- W1563390304 hasConceptScore W1563390304C106094368 @default.
- W1563390304 hasConceptScore W1563390304C134697681 @default.
- W1563390304 hasConceptScore W1563390304C144133560 @default.
- W1563390304 hasConceptScore W1563390304C145097563 @default.
- W1563390304 hasConceptScore W1563390304C162324750 @default.
- W1563390304 hasConceptScore W1563390304C162853370 @default.
- W1563390304 hasConceptScore W1563390304C199360897 @default.
- W1563390304 hasConceptScore W1563390304C2775881736 @default.
- W1563390304 hasConceptScore W1563390304C2777063073 @default.
- W1563390304 hasConceptScore W1563390304C2777313351 @default.
- W1563390304 hasConceptScore W1563390304C2778012447 @default.
- W1563390304 hasConceptScore W1563390304C2781127519 @default.
- W1563390304 hasConceptScore W1563390304C29321873 @default.
- W1563390304 hasConceptScore W1563390304C34447519 @default.
- W1563390304 hasConceptScore W1563390304C40700 @default.
- W1563390304 hasConceptScore W1563390304C41008148 @default.
- W1563390304 hasConceptScore W1563390304C98965940 @default.
- W1563390304 hasLocation W15633903041 @default.
- W1563390304 hasOpenAccess W1563390304 @default.
- W1563390304 hasPrimaryLocation W15633903041 @default.
- W1563390304 hasRelatedWork W1493698082 @default.
- W1563390304 hasRelatedWork W1549925697 @default.
- W1563390304 hasRelatedWork W1575574153 @default.
- W1563390304 hasRelatedWork W1866725051 @default.
- W1563390304 hasRelatedWork W1980588541 @default.
- W1563390304 hasRelatedWork W1985882658 @default.
- W1563390304 hasRelatedWork W2005524739 @default.
- W1563390304 hasRelatedWork W2081007686 @default.
- W1563390304 hasRelatedWork W2089708902 @default.
- W1563390304 hasRelatedWork W2100551733 @default.
- W1563390304 hasRelatedWork W2142230088 @default.
- W1563390304 hasRelatedWork W2155999773 @default.
- W1563390304 hasRelatedWork W2183334847 @default.
- W1563390304 hasRelatedWork W2365432101 @default.
- W1563390304 hasRelatedWork W2562275488 @default.
- W1563390304 hasRelatedWork W2995028715 @default.
- W1563390304 hasRelatedWork W3122324392 @default.
- W1563390304 hasRelatedWork W3123710686 @default.
- W1563390304 hasRelatedWork W3123934601 @default.
- W1563390304 hasRelatedWork W3125684169 @default.
- W1563390304 isParatext "false" @default.
- W1563390304 isRetracted "false" @default.
- W1563390304 magId "1563390304" @default.
- W1563390304 workType "article" @default.