The Economics of Insider Trading: A Free Market Perspective

We deny that asymmetrical information is a market failure. In order to make this case, we subject to critical scrutiny the strongest case for this thesis: the view that laws prohibiting insider trading are viable, necessary, or compatible with the rule of law.

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Détails bibliographiques
Auteurs: Smith, Taylor (Auteur) ; Block, Walter E. (Auteur)
Type de support: Électronique Article
Langue:Anglais
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Publié: Springer Science + Business Media B. V 2016
Dans: Journal of business ethics
Année: 2016, Volume: 139, Numéro: 1, Pages: 47-53
Sujets non-standardisés:B Asymmetrical information
B Insider trading
B Rule of law
B Market failure
B D82
Accès en ligne: Volltext (JSTOR)
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Description
Résumé:We deny that asymmetrical information is a market failure. In order to make this case, we subject to critical scrutiny the strongest case for this thesis: the view that laws prohibiting insider trading are viable, necessary, or compatible with the rule of law.
ISSN:1573-0697
Contient:Enthalten in: Journal of business ethics
Persistent identifiers:DOI: 10.1007/s10551-015-2621-5