Yeh, Chia-Hsuan; Yang, Chun-Yi - In: Journal of Economic Interaction and Coordination 8 (2013) 1, pp. 125-153
Under an artificial stock market composed of bounded-rational and heterogeneous traders, this paper examines whether or not price limits generate the negative effects on the market. Through testing the volatility spillover hypothesis, the delayed price discovery hypothesis, and the trading...