The Economics of Insider Trading: A Free Market Perspective

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• 作者：Taylor Smith ; Walter E. Block
• 关键词：Insider trading ; Asymmetrical information ; Market failure ; Rule of law
• 刊名：Journal of Business Ethics
• 出版年：2016
• 出版时间：November 2016
• 年：2016
• 卷：139
• 期：1
• 页码：47-53
• 全文大小：376 KB
• 刊物类别：Humanities, Social Sciences and Law
• 刊物主题：Philosophy
  Ethics
  Economic Growth
  Management
  Quality of Life Research
  
• 出版者：Springer Netherlands
• ISSN：1573-0697
• 卷排序：139

文摘

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.