In chapter three we study the influence of market trade mechanism on "insider" trade by using order trade model, and concludes that there is adverse choice on "insider" trade regardless of in what kind of market trade mechanism.

  • 其中第三章通过建立序贯交易模型,研究市场交易机制对内部人交易的影响,得出不论在何种市场交易机制下内部人交易都会导致市场价格逆向选择的结论。

  • 互联网摘选 2025-01-19 23:56:48

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