RT Generic
T1 Insider trading: regulation, risk reallocation, and welfare
A1 Estrada, Javier
A2 Universidad Carlos III de Madrid. Departamento de Economía, 
AB 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.
SN 2340-5031
YR 1995
FD 1995-02
LK http://hdl.handle.net/10016/3900
UL http://hdl.handle.net/10016/3900
LA eng
DS e-Archivo
RD 30 abr. 2024