Recent evidence indicates irrational behavior among retail investors. They hold onto losses
and sell winners in a manner consistent with the disposition effect. Market professionals …

Financial market transaction costs are of general interest to academic researchers, as well
as being of particular interest with regard to the optimal design and regulation of market …

We examine the effects of the closing of the New York Stock Exchange (NYSE) on volatility
and price changes in the Standard & Poor's (S&P) futures market, which trades for 15 more …

This paper was prepared for presentation at the Conference on Nonlinear Dynamics and
Econometrics, UCLA, 5–6 April, 1991, under the title ‘Information and chronological time effects …

This article offers an empirical view of scalper behavior. It extends the research begun by
Working (1967, 1977) and Silber (1984) by using a more extensive

… and in a sense grows out of the new appreciation of Locke’s intellectual context, is the
theological turn in Locke scholarship. That Locke’s theological beliefs are never far beneath the …

… The object of this essay is to examine Locke's justification of private property. But … pr (3).
For part of the meaning of (3) is that A use of that which he has mixed his labo Consider Locke's …

… In addition to the raw transaction data, we use the intraday accounting dataset described in
Locke and Mann (2001). This derived data set contains the accumulated intraday positions of …

This article examines the provision of liquidity in futures markets as price volatility changes.
We find that customer trading costs do not increase with volatility. However, for three of the …

… to look anew at Locke’s writings on natural philosophy, with special reference to his Essay
concerning Human Understanding, and to present a fresh analysis of Locke’s philosophical …