The Welfare Effects of Soft Dollar Brokerage(1st Edition) Law and Economics (Research Foundation of AIMR and Blackwell Series in Finance) by Stephen M. Horan, D. BruceJohnsen Paperback, 64 Pages, Published 2000 by Research Foundation Of Aimr & Blackwell Publishers Illustrated ISBN-13: 978-0-943205-48-9, ISBN: 0-943205-48-4
"Horan and Johnsen carefully and dispassionately evaluate the controversial subject of soft dollar brokerage. They begin with a review of the historical setting within which soft dollar brokerage evolved, including the impact of shifting from fixed to negotiated commissions in 1975, and they describe with unusual clarity the current legal and regulatory environment. Against this background, they introduce alternative hypotheses about the ..."