The Economic Analysis of the "Insider" Trade Information Disclosure System
Yong Li · Forecasting · 2004
We analyze mainly the influence on security market about the insider trade information disclosure. On the base of Kyle's two-stage batch trade model and ex post pattern of the trade information disclosure model of Steven, John and Carolyn, we study ex post and ante post pattern of the trade information disclosure, and prove that ante disclosure pattern is helpful to reduce insider dominance of private information.