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Spaces Of The Religious Economy: Negotiating The Regulation Of Religious Space In Singapore, Orlando Woods
Spaces Of The Religious Economy: Negotiating The Regulation Of Religious Space In Singapore, Orlando Woods
Research Collection School of Social Sciences
Over the past three decades, the theory of religious economy has been established, applied, debated, developed, and rejected. It has proven to be as divisive as any "general theory" of religion should be, and yet its core tenets continue to engage and unite scholars around the world. In response to broader shifts within the sociology of religion, this article reframes religious economy by advancing a spatial approach to its theorization. A spatial approach can help develop new perspectives on the regulation of religion, and the resistant agency of religious groups. With a focus on the "secular monopoly" of Singapore, it …
Competing On Speed, Emiliano Sebastian Pagnotta, Thomas Philippon
Competing On Speed, Emiliano Sebastian Pagnotta, Thomas Philippon
Research Collection Lee Kong Chian School Of Business
We analyze trading speed and fragmentation in asset markets. In our model, trading venues make technological investments and compete for investors who choose where and how much to trade. Faster venues charge higher fees and attract speed-sensitive investors. Competition among venues increases investor participation, trading volume, and allocative efficiency, but entry and fragmentation can be excessive, and speeds are generically inefficient. Regulations that protect transaction prices (e.g., Securities and Exchange Commission trade-through rule) lead to greater fragmentation. Our model sheds light on the experience of European and U.S. markets since the implementation of Markets in Financial Instruments Directive and Regulation …