Anshuman, V. Ravi; Subrahmanyam, Avanidhar - In: Economic Notes 28 (1999) 1, pp. 91-118
type="main" xml:lang="en" <p>A number of futures markets use price limits which, in effect, preclude trade from occurring at prices outside certain exogenous bounds. Noting that such markets are characterized by heterogeneously informed traders, whereas previous work on price limits assumes...</p>