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Uses mechanism design to characterize the feasible frontier, shows LOB is inside it, and shows two alternative mechanisms reach it. Positions against Budish-Cramton-Shim, with a separate literature section, baseline model, equilibrium, frontier and alternative-mechanism sections, ending in a policy-oriented conclusion.",205 "writing_profile_keywords": [206 "theory model",207 "market design",208 "mechanism design",209 "order anticipation",210 "liquidity–information tradeoff",211 "policy evaluation",212 "stylized facts motivation"213 ],214 "confidence": 0.85,215 "notes": "Theory paper with no tables or empirical estimation. Section V's automatic 'robustness' role is reassigned to theory. Section IV.D is labeled Robustness, which motivates the robustness location field. 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