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Published in 2020 at "Journal of Economic Behavior and Organization"
DOI: 10.1016/j.jebo.2020.07.012
Abstract: Abstract We examine how traders react to two prominent stock market regulations. Under a constant fundamental value (FV) process, price limits and trading restrictions significantly reduce the price level and mispricing size when traders are…
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Keywords:
price limits;
regulations work;
trading restrictions;
price ... See more keywords