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Jonathan Donier edited figures/vanishing_liquidity1/caption.tex
almost 9 years ago
Commit id: cb4998e8f56f30dc93732b99ff6a88a4a1c84374
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Replace this text with your caption As the inter-auction time $\tau$ decreases, the liquidity close to the price, $\rho_{\text{st.}}(y = 0)$ decreases from its finite Walrasian value to zero in the case of continuous double auctions.
