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Insider Trading, Micro Diversity and the Long-Run Macro Efficiency

Author

Listed:
  • Antonov, Mikhail

    (Research Institute of Industrial Economics (IFN))

  • Trofimov, Georgi

    (Research Institute of Industrial Economics (IFN))

Abstract

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Suggested Citation

  • Antonov, Mikhail & Trofimov, Georgi, 1992. "Insider Trading, Micro Diversity and the Long-Run Macro Efficiency," Working Paper Series 355, Research Institute of Industrial Economics.
    • Handle: RePEc:hhs:iuiwop:0355
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    File URL: https://www.ifn.se/wfiles/wp/wp355.pdf
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    References listed on IDEAS

    as
    1. Laffont, Jean-Jacques & Maskin, Eric S, 1990. "The Efficient Market Hypothesis and Insider Trading on the Stock Market," Journal of Political Economy, University of Chicago Press, vol. 98(1), pages 70-93, February.
    2. Stiglitz, Joseph E., 1992. "Capital markets and economic fluctuations in capitalist economies," European Economic Review, Elsevier, vol. 36(2-3), pages 269-306, April.
    3. Glosten, Lawrence R. & Milgrom, Paul R., 1985. "Bid, ask and transaction prices in a specialist market with heterogeneously informed traders," Journal of Financial Economics, Elsevier, vol. 14(1), pages 71-100, March.
    4. Ausubel, Lawrence M, 1990. "Insider Trading in a Rational Expectations Economy," American Economic Review, American Economic Association, vol. 80(5), pages 1022-1041, December.
    5. Olivier Blanchard & Changyong Rhee & Lawrence Summers, 1993. "The Stock Market, Profit, and Investment," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 108(1), pages 115-136.
    6. Eliasson, Gunnar, 1991. "Modeling the experimentally organized economy : Complex dynamics in an empirical micro-macro model of endogenous economic growth," Journal of Economic Behavior & Organization, Elsevier, vol. 16(1-2), pages 153-182, July.
    7. Eliasson, Gunnar & Taymaz, Erol, 1992. "The Limits of Policy Making: An Analysis of the Consequences of Boundedly Rational Government Using the Swedish Micro-to-Macro Model (MOSES)," Working Paper Series 333, Research Institute of Industrial Economics.
    8. Leland, Hayne E, 1992. "Insider Trading: Should It Be Prohibited?," Journal of Political Economy, University of Chicago Press, vol. 100(4), pages 859-887, August.
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    Cited by:

    1. Eliasson, Gunnar, 1993. "Endogenous Economic Growth through Selection," Working Paper Series 397, Research Institute of Industrial Economics, revised Aug 1994.
    2. Gunnar Eliasson, 2018. "Why Complex, Data Demanding and Difficult to Estimate Agent Based Models? Lessons from a Decades Long Research Program," International Journal of Microsimulation, International Microsimulation Association, vol. 11(1), pages 4-60.

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    More about this item

    Keywords

    Financial markets; Economic growth; Information asymmetries;
    All these keywords.

    JEL classification:

    • D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory
    • D53 - Microeconomics - - General Equilibrium and Disequilibrium - - - Financial Markets
    • D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design

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