The impact of public information on insider trading
文献类型：期刊论文
| 作者 | Luo, SL
|
| 刊名 | ECONOMICS LETTERS
 |
| 出版日期 | 2001 |
| 卷号 | 70期号:1页码:59-68 |
| 关键词 | insider trading public information private information Nash equilibrium |
| ISSN号 | 0165-1765 |
| 英文摘要 | We study the impact of public information on insider trading in the context of Kyle's speculative market. The linear Nash equilibrium is characterized analytically. We find that public information is detrimental for the insider and beneficial for the liquidity traders. The insider puts a negative weight on the public information in formulating his optimal strategy. The equilibrium price becomes more informative when there exists public information. (C) 2001 Elsevier Science B.V. All rights reserved. JEL classification: C72; D43; D82. |
| 语种 | 英语 |
| WOS记录号 | WOS:000165772500008 |
| 出版者 | ELSEVIER SCIENCE SA |
| 源URL | [http://ir.amss.ac.cn/handle/2S8OKBNM/16779]  |
| 专题 | 应用数学研究所 |
| 通讯作者 | Luo, SL |
| 作者单位 | Acad Sinica, Inst Appl Math, Beijing 100080, Peoples R China |
| 推荐引用方式 GB/T 7714 | Luo, SL. The impact of public information on insider trading[J]. ECONOMICS LETTERS,2001,70(1):59-68. |
| APA | Luo, SL.(2001).The impact of public information on insider trading.ECONOMICS LETTERS,70(1),59-68. |
| MLA | Luo, SL."The impact of public information on insider trading".ECONOMICS LETTERS 70.1(2001):59-68. |
入库方式： OAI收割
来源：数学与系统科学研究院
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