Publication: Insider trading: regulation, risk reallocation, and welfare
dc.affiliation.dpto | UC3M. Departamento de EconomÃa | es |
dc.contributor.author | Estrada, Javier | |
dc.contributor.editor | Universidad Carlos III de Madrid. Departamento de EconomÃa | |
dc.date.accessioned | 2009-04-07T10:00:48Z | |
dc.date.available | 2009-04-07T10:00:48Z | |
dc.date.issued | 1995-02 | |
dc.description.abstract | I argue in this paper that the imposition of insider trading regulations on a securities market generates not on1y a reallocation of wealth from insiders to liquidity traders, but also a reallocation of risk from the former to the latter. I further argue that, although the wealth reallocation has no impact on social welfare, under plausible assumptions, the risk reallocation imposes a cost on society. | |
dc.format.mimetype | application/pdf | |
dc.identifier.issn | 2340-5031 | |
dc.identifier.uri | https://hdl.handle.net/10016/3900 | |
dc.language.iso | eng | |
dc.relation.ispartofseries | UC3M Working Paper. Economics; | |
dc.relation.ispartofseries | 1995-08-04 | |
dc.rights | Atribución-NoComercial-SinDerivadas 3.0 España | |
dc.rights.accessRights | open access | |
dc.rights.uri | http://creativecommons.org/licenses/by-nc-nd/3.0/es/ | |
dc.subject.eciencia | EconomÃa | |
dc.subject.other | Insider trading | |
dc.subject.other | Securities Regulation | |
dc.title | Insider trading: regulation, risk reallocation, and welfare | |
dc.type | working paper | * |
dspace.entity.type | Publication |
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