Bid, Ask and Transactions Prices in a Specialist Market with Insider Trading (with Larry Glosten), Journal of Financial Economics, 14, 1984, 71‑100.

  • Reprinted in Financial Intermediaries, Mervyn Lewis (ed), London: Edward Elgar Publishing, 1984.
  • Reprinted in Microstructure: The Organization of Trading and Short Term Price Behavior, edited by Hans R Stoll, London: Edward Elgar Publishing, 1999.