{"id":"https://openalex.org/W2102331007","doi":"https://doi.org/10.1016/j.irfa.2011.06.013","title":"Liquidity cost of market orders in the Taiwan Stock Market: A study based on an order-driven agent-based artificial stock market","display_name":"Liquidity cost of market orders in the Taiwan Stock Market: A study based on an order-driven agent-based artificial stock market","publication_year":2011,"publication_date":"2011-07-23","ids":{"openalex":"https://openalex.org/W2102331007","doi":"https://doi.org/10.1016/j.irfa.2011.06.013","mag":"2102331007"},"language":"en","primary_location":{"id":"doi:10.1016/j.irfa.2011.06.013","doi":"https://doi.org/10.1016/j.irfa.2011.06.013","is_oa":false,"landing_page_url":"https://doi.org/10.1016/j.irfa.2011.06.013","pdf_url":null,"source":{"id":"https://openalex.org/S145572626","display_name":"International Review of Financial Analysis","issn_l":"1057-5219","issn":["1057-5219","1873-8079"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","fnege-3","jufo-1","norway-1","poland-100","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320990","host_organization_name":"Elsevier BV","host_organization_lineage":["https://openalex.org/P4310320990"],"host_organization_lineage_names":["Elsevier BV"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"International Review of Financial Analysis","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":null,"display_name":"Yi-Ping Huang","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I92172085","display_name":"Chunghwa Telecom (Taiwan)","ror":"https://ror.org/04f786589","country_code":"TW","type":"company","lineage":["https://openalex.org/I92172085"]}],"countries":["TW"],"is_corresponding":true,"raw_author_name":"Yi-Ping Huang","raw_affiliation_strings":["Finance Department, Chunghwa Telecom Co., Ltd., Taipei, Taiwan"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Finance Department, Chunghwa Telecom Co., Ltd., Taipei, Taiwan","institution_ids":["https://openalex.org/I92172085"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5079473592","display_name":"Shu\u2010Heng Chen","orcid":"https://orcid.org/0000-0003-4584-7646","observed_orcids":["https://orcid.org/0000-0003-4584-7646"]},"institutions":[{"id":"https://openalex.org/I87354575","display_name":"National Chengchi University","ror":"https://ror.org/03rqk8h36","country_code":"TW","type":"education","lineage":["https://openalex.org/I87354575"]}],"countries":["TW"],"is_corresponding":false,"raw_author_name":"Shu-Heng Chen","raw_affiliation_strings":["Department of Economics, National Chengchi University, Taipei, Taiwan","Department of Economics, National Chengchi University, Taipei, Taiwan#TAB#"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Economics, National Chengchi University, Taipei, Taiwan","institution_ids":["https://openalex.org/I87354575"]},{"raw_affiliation_string":"Department of Economics, National Chengchi University, Taipei, Taiwan#TAB#","institution_ids":["https://openalex.org/I87354575"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5064248421","display_name":"Ming-Chin Hung","orcid":"https://orcid.org/0000-0002-5830-1952","observed_orcids":["https://orcid.org/0000-0002-5830-1952"]},"institutions":[{"id":"https://openalex.org/I185940356","display_name":"Soochow University","ror":"https://ror.org/05kvm7n82","country_code":"TW","type":"education","lineage":["https://openalex.org/I185940356"]}],"countries":["TW"],"is_corresponding":false,"raw_author_name":"Ming-Chin Hung","raw_affiliation_strings":["Department of Financial Engineering and Actuarial Mathematics, Soochow University, Taipei, Taiwan"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Financial Engineering and Actuarial Mathematics, Soochow University, Taipei, Taiwan","institution_ids":["https://openalex.org/I185940356"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5037958510","display_name":"Tina Yu","orcid":"https://orcid.org/0000-0001-5516-3630","observed_orcids":["https://orcid.org/0000-0001-5516-3630"]},"institutions":[{"id":"https://openalex.org/I130438778","display_name":"Memorial University of Newfoundland","ror":"https://ror.org/04haebc03","country_code":"CA","type":"education","lineage":["https://openalex.org/I130438778"]}],"countries":["CA"],"is_corresponding":false,"raw_author_name":"Tina Yu","raw_affiliation_strings":["Department of Computer Science, Memorial University of Newfoundland, St John's, NL, Canada"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Computer Science, Memorial University of Newfoundland, St John's, NL, Canada","institution_ids":["https://openalex.org/I130438778"]}]}],"institutions":[],"countries_distinct_count":2,"institutions_distinct_count":4,"corresponding_author_ids":[],"corresponding_institution_ids":["https://openalex.org/I92172085"],"apc_list":{"value":3770,"currency":"USD","value_usd":3770},"apc_paid":null,"fwci":0.4648,"has_fulltext":false,"cited_by_count":1,"citation_normalized_percentile":{"value":0.7489198,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":88,"max":93},"biblio":{"volume":"23","issue":null,"first_page":"72","last_page":"80"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.9570000171661377,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.9570000171661377,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11270","display_name":"Complex Systems and Time Series Analysis","score":0.0333000011742115,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10067","display_name":"Stochastic processes and financial applications","score":0.006099999882280827,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/liquidity-costs","display_name":"liquidity costs","score":0.7390000224113464},{"id":"https://openalex.org/keywords/market-order","display_name":"market order","score":0.996999979019165},{"id":"https://openalex.org/keywords/taiwan-stock-exchange","display_name":"Taiwan Stock Exchange","score":0.8399999737739563},{"id":"https://openalex.org/keywords/zero-intelligence-agents","display_name":"zero-intelligence agents","score":0.8859999775886536}],"concepts":[{"id":"https://openalex.org/C183582576","wikidata":"https://www.wikidata.org/wiki/Q184783","display_name":"Market liquidity","level":2,"score":0.8565551042556763},{"id":"https://openalex.org/C2780299701","wikidata":"https://www.wikidata.org/wiki/Q475000","display_name":"Stock market","level":3,"score":0.7090645432472229},{"id":"https://openalex.org/C182306322","wikidata":"https://www.wikidata.org/wiki/Q1779371","display_name":"Order (exchange)","level":2,"score":0.6714110374450684},{"id":"https://openalex.org/C18991353","wikidata":"https://www.wikidata.org/wiki/Q1137319","display_name":"Market maker","level":4,"score":0.5426318049430847},{"id":"https://openalex.org/C33400823","wikidata":"https://www.wikidata.org/wiki/Q1419119","display_name":"Market depth","level":4,"score":0.47534772753715515},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.47236138582229614},{"id":"https://openalex.org/C51926234","wikidata":"https://www.wikidata.org/wiki/Q3312426","display_name":"Market microstructure","level":3,"score":0.47152456641197205},{"id":"https://openalex.org/C200870193","wikidata":"https://www.wikidata.org/wiki/Q11691","display_name":"Stock exchange","level":2,"score":0.4265121817588806},{"id":"https://openalex.org/C127288500","wikidata":"https://www.wikidata.org/wiki/Q1241055","display_name":"Market impact","level":4,"score":0.4217623174190521},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.4212872087955475},{"id":"https://openalex.org/C2779309563","wikidata":"https://www.wikidata.org/wiki/Q649206","display_name":"Order book","level":3,"score":0.4121437668800354},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.3609279990196228},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.3431224822998047},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.22019290924072266},{"id":"https://openalex.org/C151730666","wikidata":"https://www.wikidata.org/wiki/Q7205","display_name":"Paleontology","level":1,"score":0.0},{"id":"https://openalex.org/C86803240","wikidata":"https://www.wikidata.org/wiki/Q420","display_name":"Biology","level":0,"score":0.0},{"id":"https://openalex.org/C2780762169","wikidata":"https://www.wikidata.org/wiki/Q5905368","display_name":"Horse","level":2,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.1016/j.irfa.2011.06.013","doi":"https://doi.org/10.1016/j.irfa.2011.06.013","is_oa":false,"landing_page_url":"https://doi.org/10.1016/j.irfa.2011.06.013","pdf_url":null,"source":{"id":"https://openalex.org/S145572626","display_name":"International Review of Financial Analysis","issn_l":"1057-5219","issn":["1057-5219","1873-8079"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","fnege-3","jufo-1","norway-1","poland-100","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320990","host_organization_name":"Elsevier BV","host_organization_lineage":["https://openalex.org/P4310320990"],"host_organization_lineage_names":["Elsevier BV"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"International Review of Financial Analysis","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:eee:finana:v:23:y:2012:i:c:p:72-80","doi":null,"is_oa":false,"landing_page_url":"http://www.sciencedirect.com/science/article/pii/S1057521911000743","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"}],"best_oa_location":null,"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":14,"referenced_works":["https://openalex.org/W34499488","https://openalex.org/W1486305683","https://openalex.org/W1988270113","https://openalex.org/W2005898875","https://openalex.org/W2050238052","https://openalex.org/W2096541819","https://openalex.org/W2128726101","https://openalex.org/W2147181268","https://openalex.org/W2752488997","https://openalex.org/W2952810771","https://openalex.org/W3124477642","https://openalex.org/W3124506232","https://openalex.org/W3125722587","https://openalex.org/W4285719527"],"related_works":["https://openalex.org/W1501524595","https://openalex.org/W4415328750","https://openalex.org/W1976859468","https://openalex.org/W2032774582","https://openalex.org/W3197202620","https://openalex.org/W2121681609","https://openalex.org/W2211122884","https://openalex.org/W2008089260","https://openalex.org/W2073504422","https://openalex.org/W6992635487"],"abstract_inverted_index":null,"counts_by_year":[{"year":2012,"cited_by_count":1}],"updated_date":"2026-10-30T12:39:25.321706","created_date":"2016-06-24T00:00:00"}
