{"record_type":"pith_number_record","schema_url":"https://pith.science/schemas/pith-number/v1.json","pith_number":"pith:2013:I63XXN3ATVVJQLAYN347KDZVQX","short_pith_number":"pith:I63XXN3A","schema_version":"1.0","canonical_sha256":"47b77bb7609d6a982c186ef9f50f3585f2632e48470749093fbe19c51850077d","source":{"kind":"arxiv","id":"1305.0413","version":4},"attestation_state":"computed","paper":{"title":"Permanent market impact can be nonlinear","license":"http://arxiv.org/licenses/nonexclusive-distrib/1.0/","headline":"","cross_cats":[],"primary_cat":"q-fin.TR","authors_text":"Olivier Gu\\'eant","submitted_at":"2013-05-02T12:12:47Z","abstract_excerpt":"There are two schools of thought regarding market impact modeling. On the one hand, seminal papers by Almgren and Chriss introduced a decomposition between a permanent market impact and a temporary (or instantaneous) market impact. This decomposition is used by most practitioners in execution models. On the other hand, recent research advocates for the use of a new modeling framework that goes down to the resilient dynamics of order books: transient market impact. One of the main criticisms against permanent market impact is that it has to be linear to avoid dynamic arbitrage. This important d"},"verification_status":{"content_addressed":true,"pith_receipt":true,"author_attested":false,"weak_author_claims":0,"strong_author_claims":0,"externally_anchored":false,"storage_verified":false,"citation_signatures":0,"replication_records":0,"graph_snapshot":true,"references_resolved":false,"formal_links_present":false},"canonical_record":{"source":{"id":"1305.0413","kind":"arxiv","version":4},"metadata":{"license":"http://arxiv.org/licenses/nonexclusive-distrib/1.0/","primary_cat":"q-fin.TR","submitted_at":"2013-05-02T12:12:47Z","cross_cats_sorted":[],"title_canon_sha256":"96d7c6995d2d35caff22c14868672a6fc48ec4436852b21c3af613ba1e2b480b","abstract_canon_sha256":"9ec82a5d68576744be25a9471ccbc76e6a89546da029733bc0a75b04ea8cbbb4"},"schema_version":"1.0"},"receipt":{"kind":"pith_receipt","key_id":"pith-v1-2026-05","algorithm":"ed25519","signed_at":"2026-05-18T02:56:12.724796Z","signature_b64":"QGQTrZdpNonaV598XNUIx3TWrZIpnuE+1heyaMnLRdgPMFdWThSvMlaGc8THZURAVJihykYLlc5WyuzFQz7xBg==","signed_message":"canonical_sha256_bytes","builder_version":"pith-number-builder-2026-05-17-v1","receipt_version":"0.3","canonical_sha256":"47b77bb7609d6a982c186ef9f50f3585f2632e48470749093fbe19c51850077d","last_reissued_at":"2026-05-18T02:56:12.724163Z","signature_status":"signed_v1","first_computed_at":"2026-05-18T02:56:12.724163Z","public_key_fingerprint":"8d4b5ee74e4693bcd1df2446408b0d54"},"graph_snapshot":{"paper":{"title":"Permanent market impact can be nonlinear","license":"http://arxiv.org/licenses/nonexclusive-distrib/1.0/","headline":"","cross_cats":[],"primary_cat":"q-fin.TR","authors_text":"Olivier Gu\\'eant","submitted_at":"2013-05-02T12:12:47Z","abstract_excerpt":"There are two schools of thought regarding market impact modeling. On the one hand, seminal papers by Almgren and Chriss introduced a decomposition between a permanent market impact and a temporary (or instantaneous) market impact. This decomposition is used by most practitioners in execution models. On the other hand, recent research advocates for the use of a new modeling framework that goes down to the resilient dynamics of order books: transient market impact. One of the main criticisms against permanent market impact is that it has to be linear to avoid dynamic arbitrage. This important d"},"claims":{"count":0,"items":[],"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57"},"source":{"id":"1305.0413","kind":"arxiv","version":4},"verdict":{"id":null,"model_set":{},"created_at":null,"strongest_claim":"","one_line_summary":"","pipeline_version":null,"weakest_assumption":"","pith_extraction_headline":""},"references":{"count":0,"sample":[],"resolved_work":0,"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57","internal_anchors":0},"formal_canon":{"evidence_count":0,"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57"},"author_claims":{"count":0,"strong_count":0,"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57"},"builder_version":"pith-number-builder-2026-05-17-v1"},"aliases":[{"alias_kind":"arxiv","alias_value":"1305.0413","created_at":"2026-05-18T02:56:12.724353+00:00"},{"alias_kind":"arxiv_version","alias_value":"1305.0413v4","created_at":"2026-05-18T02:56:12.724353+00:00"},{"alias_kind":"doi","alias_value":"10.48550/arxiv.1305.0413","created_at":"2026-05-18T02:56:12.724353+00:00"},{"alias_kind":"pith_short_12","alias_value":"I63XXN3ATVVJ","created_at":"2026-05-18T12:27:46.883200+00:00"},{"alias_kind":"pith_short_16","alias_value":"I63XXN3ATVVJQLAY","created_at":"2026-05-18T12:27:46.883200+00:00"},{"alias_kind":"pith_short_8","alias_value":"I63XXN3A","created_at":"2026-05-18T12:27:46.883200+00:00"}],"events":[],"event_summary":{},"paper_claims":[],"inbound_citations":{"count":0,"internal_anchor_count":0,"sample":[]},"formal_canon":{"evidence_count":0,"sample":[],"anchors":[]},"links":{"html":"https://pith.science/pith/I63XXN3ATVVJQLAYN347KDZVQX","json":"https://pith.science/pith/I63XXN3ATVVJQLAYN347KDZVQX.json","graph_json":"https://pith.science/api/pith-number/I63XXN3ATVVJQLAYN347KDZVQX/graph.json","events_json":"https://pith.science/api/pith-number/I63XXN3ATVVJQLAYN347KDZVQX/events.json","paper":"https://pith.science/paper/I63XXN3A"},"agent_actions":{"view_html":"https://pith.science/pith/I63XXN3ATVVJQLAYN347KDZVQX","download_json":"https://pith.science/pith/I63XXN3ATVVJQLAYN347KDZVQX.json","view_paper":"https://pith.science/paper/I63XXN3A","resolve_alias":"https://pith.science/api/pith-number/resolve?arxiv=1305.0413&json=true","fetch_graph":"https://pith.science/api/pith-number/I63XXN3ATVVJQLAYN347KDZVQX/graph.json","fetch_events":"https://pith.science/api/pith-number/I63XXN3ATVVJQLAYN347KDZVQX/events.json","actions":{"anchor_timestamp":"https://pith.science/pith/I63XXN3ATVVJQLAYN347KDZVQX/action/timestamp_anchor","attest_storage":"https://pith.science/pith/I63XXN3ATVVJQLAYN347KDZVQX/action/storage_attestation","attest_author":"https://pith.science/pith/I63XXN3ATVVJQLAYN347KDZVQX/action/author_attestation","sign_citation":"https://pith.science/pith/I63XXN3ATVVJQLAYN347KDZVQX/action/citation_signature","submit_replication":"https://pith.science/pith/I63XXN3ATVVJQLAYN347KDZVQX/action/replication_record"}},"created_at":"2026-05-18T02:56:12.724353+00:00","updated_at":"2026-05-18T02:56:12.724353+00:00"}