Revisiting advance disclosure of insider trading

Zhenyu Cui, Jun Deng, Stephen L. Lenkey

Research output: Contribution to journalArticlepeer-review

Abstract

We derive a parametric restriction necessary and sufficient for an equilibrium to exist in the model of Lenkey (2014). Given this restriction, the equilibrium is unique, correcting findings in the original article that multiple equilibria may exist with advance disclosure.

Original languageEnglish (US)
Pages (from-to)78-81
Number of pages4
JournalEconomics Letters
Volume182
DOIs
StatePublished - Sep 2019

All Science Journal Classification (ASJC) codes

  • Finance
  • Economics and Econometrics

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