naa a22 4500 510728928 CHVBK 20180411082945.0 cr unu---uuuuu 180411e20130401xx s 000 0 eng 10.1007/s11403-012-0107-4 doi (NATIONALLICENCE)springer-10.1007/s11403-012-0107-4 Do price limits hurt the market? [Elektronische Daten] [Chia-Hsuan Yeh, Chun-Yi Yang] 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 interference hypothesis, we find that no evidence of volatility spillover is observed. However, the phenomena of delayed price discovery and trading interference indeed exist, and their significance depends on the level of the price limits. Springer-Verlag Berlin Heidelberg, 2013 Price limits nationallicence Artificial stock market nationallicence Agent-based modeling nationallicence Genetic programming nationallicence Yeh Chia-Hsuan Department of Information Management, Yuan Ze University, 320, Chungli, Taoyuan, Taiwan aut Yang Chun-Yi Department of Computational Social Science, Kransnow Institute for Advanced Study, George Mason University, Research I, CSC Suite, Level 3, 4400 University Drive, MSN 6B2, 22030, Fairfax, VA, USA aut Journal of Economic Interaction and Coordination Springer-Verlag 8/1(2013-04-01), 125-153 1860-711X 8:1<125 2013 8 11403 https://doi.org/10.1007/s11403-012-0107-4 text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1007/s11403-012-0107-4 text/html Onlinezugriff via DOI NATIONALLICENCE 700 1- Yeh Chia-Hsuan Department of Information Management, Yuan Ze University, 320, Chungli, Taoyuan, Taiwan aut NATIONALLICENCE 700 1- Yang Chun-Yi Department of Computational Social Science, Kransnow Institute for Advanced Study, George Mason University, Research I, CSC Suite, Level 3, 4400 University Drive, MSN 6B2, 22030, Fairfax, VA, USA aut NATIONALLICENCE 773 0- Journal of Economic Interaction and Coordination Springer-Verlag 8/1(2013-04-01), 125-153 1860-711X 8:1<125 2013 8 11403 Metadata rights reserved Springer special CC-BY-NC licence nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-springer