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Bid,Ask and Transactions Prices in a Specialist Market with Insider Trading.
We construct explicitly a bridge process whose distribution, in its own filtration, is the same as the difference of two independent Poisson processes with the same intensity and its time 1 value sati...
The article stresses the need of the U.S. courts to look to the date that the information on insider trading was disclosed to determine the amount of the defendant's gains. It discusses the statutory ...
This Essay briefly reexamines the great debates on the role of insider trading in the corporate system from the perspectives of efficiency of capital markets, harm to individual investors, and executi...
Managements (“insiders”) of many corporations, especially small or newly-public firms, invest considerable resources in investor relations. We develop a model to explore the incentives of insid...

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