## Grossman, Miller- 1988 - [Liquidity and Market Structure](http://finpko.faculty.ku.edu/myssi/FIN938/Grossman%20&%20Miller.Liquidity.JF_1988.pdf)
[Does Liquidity Affect Securities Market Efficiency?](http://www.columbia.edu/~pt2238/papers/Tetlock_Liquidity_and_Efficiency_03_07.pdf) PAUL C. TETLOCK
[PHANTOM PRICES & LIQUIDITY: THE NUISANCE OF TRANSLUCENCE](http://eric-weinstein.net/Papers/Nuisance_of_Translucence.pdf)
By Adil Abdulali, Leslie Rahl and Eric Weinstein, CMRA
## 1985 [Kyle model](https://personal.utdallas.edu/~nina.baranchuk/Fin7310/papers/Kyle1985.pdf) and 1983-[Glosten-Milgrom](https://web.stanford.edu/~milgrom/publishedarticles/Bid%20Ask%20and%20Transaction%20Prices.pdf)
- http://pages.nes.ru/aobizhaeva/research.html
microstructure and liquidity in markets
[Trading in Crowded Markets](http://pages.nes.ru/aobizhaeva/GOW-crowded%20mkts.pdf)
- 2020 [Revisiting the Ides of March, Part III: Scary Stories to Tell in the Dark](https://www.cfr.org/blog/revisiting-ides-march-part-iii-scary-stories-tell-dark)