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Jonathan Donier deleted figures/vanishing_liquidity/caption.tex
almost 9 years ago
Commit id: edae294c466bfda9adb99f3c66af00b6336b8bec
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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.
