Ødegaard, Bernt Arne - Universitetet <Stavanger> / School of Business … - 2008
We empirically investigate the costs of trading equity at the Oslo Stock Exchange inthe period 1980{2008. We show the time series evolution of dierent measures of (implicit)trading costs: bid/ask spreads, the Roll (1984) measure and the Lesmond, Ogden, andTrzcinka (1999) estimate...