We deny that asymmetrical information is a market failure. In order to make this case, we subject to critical scrutiny the strongest case for this thesis: the view that laws prohibiting insider trading are viable, necessary, or compatible with the rule of law.
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Smith, T., Block, W.E. The Economics of Insider Trading: A Free Market Perspective. J Bus Ethics 139, 47–53 (2016). https://doi.org/10.1007/s10551-015-2621-5
- Insider trading
- Asymmetrical information
- Market failure
- Rule of law
Mathematics Subject Classification