PSE

Additional material for the paper
Market Structure, Liquidity, and Information Based Trading
at the Prague Stock Exchange
Libor Nemecek (April 2002)

The Likelihood Function (pdf)

Summary statistics by group:

Stocks Traded in All Periods

Stocks Traded Only in Periods 2 and 3

Sampling Based on Trading Probability in a Given Period

Nonparametric tests:

Stocks Traded in All Periods

Stocks Traded Only in Periods 2 and 3

Sampling Based on Trading Probability in a Given Period

Description of the variable "code of the market" published by the PSE

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Updated April 17, 2002.