Insider trading: Regulation, securities markets and welfare

Although liquidity and informational efficiency, among others, are important characteristics of a securities market, they are not, or should not be, ends in themselves. From a normative point of view, the ultimate goal is to maximize the welfare of society. Therefore, the critical question about insider trading regulation (ITR) is: Does ITR make society better off or worse off? In this dissertation, I evaluate the impact of ITR on a securities market and on social welfare, paying special attention to the welfare issue.

Name thesis:degree_name

Ph.D.

Level thesis:degree_level

Dissertation

Discipline thesis:degree_discipline

Economics

Grantor

University of Illinois at Urbana-Champaign

Year dc:date

2011

Author dc:creator

• Estrada, Javier Alejandro

Contributors dc:contributor

• Ulen, Thomas S.

• Economics, Finance

Statement dc:rights

• Copyright 1993 Estrada, Javier Alejandro

Language dc:language

eng

Identifier

AAI9411615
(UMI)AAI9411615

OAI identifier oai:identifier

oai:www.ideals.illinois.edu:2142/22714