EconPapers    
Economics at your fingertips  
 

An experiment examining insider trading with respect to different market structures

Philipp Hornung (), Gernot Hinterleitner (), Ulrike Leopold-Wildburger (), Roland Mestel () and Stefan Palan ()
Additional contact information
Philipp Hornung: Karl-Franzens-University Graz
Gernot Hinterleitner: Karl-Franzens-University Graz
Ulrike Leopold-Wildburger: Karl-Franzens-University Graz

A chapter in Operations Research Proceedings 2011, 2012, pp 217-222 from Springer

Abstract: Abstract As theoretical and empirical approaches suffer some shortcomings if it comes to analyzing insiders’ behavior, we conducted an adequate experiment. The experimental design incorporates traders with perfect information of the fundamental value of the tradeable asset. These insiders compete with regular uninformed participants on different market structures, in particular on a transparent and on an intransparent call market as well as on a continuous double auction. The results shed first light on a couple of interesting issues, including whether and how insiders try to stay undetected, how their profits are accumulated and what market structure is more advantageous for insiders.

Date: 2012
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:oprchp:978-3-642-29210-1_35

Ordering information: This item can be ordered from
http://www.springer.com/9783642292101

DOI: 10.1007/978-3-642-29210-1_35

Access Statistics for this chapter

More chapters in Operations Research Proceedings from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().

 
Page updated 2025-04-01
Handle: RePEc:spr:oprchp:978-3-642-29210-1_35