Year: 1987
Type: article
Abstract: Coase's pioneering observation that contracting parties, absent transactions costs, will reach a Pareto efficient allocation of property rights seems to have particular force when applied to the dilemma of insider trading. In this Article we seek to bring Coase's insight to bear on the insider trading debate: We consider what intrafirm rule shareholders would select if they could decide for themselves whether to permit their insiders to trade on information not yet reflected in the price of their firm's shares.
Source: bepress Legal Repository
Authors: Jonathan R. Macey, David D. Haddock
Institution: Yale University
Language: English
Subfield: Marketing
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W1592893117