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Internal Transactions for Multiple Risky Assets
School of Science, Hebei University of Technology, Tianjin, China
School of Science, Beijing Institute of Petrochemical Technology, Beijing, China
- 1 School of Science, Hebei University of Technology, Tianjin, China
- 2 School of Science, Beijing Institute of Petrochemical Technology, Beijing, China
Open Journal of Statistics·Volume 09 (2019)·Pages 85–99·Published 18 January 2019·DOI10.4236/ojs.2019.91008
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Abstract
Most of the articles about insider trading assume that there is only one risky asset in the market. On the basis of these papers, this thesis is mainly divide d into three parts to study the situation of multiple risky assets in the market. In the first part, the situation of multiple risky assets in the market when two transactions are in progress is studied and then, the equilibrium when the market requires the internal traders to disclose the trading volume after each transaction is analyzed. In the second part, the equilibrium of multi-period based on the two phases of transaction is derived. The third part is the summary of the paper.
KeywordsInsider TradingMultipleRisky AssetsMulti-PeriodNoise Trader
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