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The Balanced Scorecard offers a previously unrecognized benefit: a new way of looking at the traditional organizational structure of cost and profit centers. Every unit, by contributing to effective s...
Automated Liquidity Provision and the Demise of Traditional Market Making
algorithmic trading automated trading high frequency trading market making
2010/10/21
Traditional market makers are losing their importance as automated systems have largely assumed the role of liquidity provision in markets. We update the model of Glosten and Milgrom (1985) to analyz...
What Was Advertising? The Invention, Rise, Demise, and Disappearance of Advertising Concepts in Nineteenth- and Twentieth-century Europe and America
Advertising Advertising Concepts Europe America
2010/10/11
The article introduces a model of changing and competing advertising concepts and frameworks in order to replace dominant but limited periodization models of the historical development of
advertising...