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We consider the emergence of power-law tails in the returns distribution of limit-order driven markets. We explain a previously observed clash between the theoretical and numerical studies of such models. We introduce a solvable model that interpolates between the previous studies and agrees...
Persistent link: https://www.econbiz.de/10010591691
Manipulation is an important issue for both developed and emerging stock markets. For the study of manipulation, it is …
Persistent link: https://www.econbiz.de/10010871932
In this paper the authors proposed a database sampling framework that aims to minimize the time necessary to produce a … sample database. They argue that the performance of current relational database sampling techniques that maintain the data … integrity of the sample database is low and a faster strategy needs to be devised. The sampling method targets the production …
Persistent link: https://www.econbiz.de/10012049072
Persistent link: https://www.econbiz.de/10011809633
Manipulation checks are used to improve the quality of experimental evidence by making sure that only those subjects …. In our paper, we discuss the consequences of using manipulation checks resulting in the exclusion of subjects. Using an … analytical model, we show that using manipulation checks to exclude cases may translate into a bias towards more significant …
Persistent link: https://www.econbiz.de/10012856211
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This study focuses on a well-known but yet elusive concept: (technological) lock-in. We summarize what is known about the nature of lock-in and offer a critical view on history- dependent processes based on recent contributions to the literature. We discuss if lock-ins are really inescapable,...
Persistent link: https://www.econbiz.de/10011580459
Full-text of this article is not available in this e-prints service. This article was originally published [following peer-review] in Research Policy, published by and copyright Elsevier.
Persistent link: https://www.econbiz.de/10009455083