How to prevent trade based stock price manipulation

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buir.advisorKoray, Semih
dc.contributor.authorİlalan, Deniz
dc.date.accessioned2016-01-08T18:08:41Z
dc.date.available2016-01-08T18:08:41Z
dc.date.issued2001
dc.descriptionAnkara : The Department of Economics, Bilkent University, 2001.en_US
dc.descriptionThesis (Master's) -- Bilkent University, 2001.en_US
dc.descriptionIncludes bibliographical references leaves 34.en_US
dc.description.abstractAllen and Gale (1992) construct a model to show that stock price manipulation is possible. The time structure of their model allows manipulators to pretend “informed” traders, so that the local investors cannot distinguish what type of entrant they are facing. When the type of the entrant becomes known to the local investors it is already too late to make any use of that information. In this study we show that an institution can be designed in a very natural fashion which induces different behaviours on the part of manipulators and “informed” traders at the beginning of the process. The institution designed roughly consists of entitling the entrants to resell stocks at a later date as well if they wish to do so. As this reasoning is also accessible to manipulators, the designed institution deters them from entering the market. Regarding the informed traders, their expected gain from entering the stock market may or may not be positive contingent on the basic parameters of the model. There are cases, however, when there is an improvement in the expected total gain of the local investors.en_US
dc.description.provenanceMade available in DSpace on 2016-01-08T18:08:41Z (GMT). No. of bitstreams: 1 0001822.pdf: 799867 bytes, checksum: d2988163a0c81540ff6e9deac3afe1f9 (MD5)en
dc.description.statementofresponsibilityİlalan, Denizen_US
dc.format.extentiii, 34 leaves, graphicsen_US
dc.identifier.urihttp://hdl.handle.net/11693/14819
dc.language.isoEnglishen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.subjectStock Marketen_US
dc.subjectInstitutional Designen_US
dc.subjectEquilibrium Priceen_US
dc.subjectManipulationen_US
dc.subject.lccHG4636 .I43 2001en_US
dc.subject.lcshStocks--Prices.en_US
dc.subject.lcshStock exchange.en_US
dc.subject.lcshInvestments analysis.en_US
dc.subject.lcshEquilibrium (Economics).en_US
dc.subject.lcshManipulate bahvior.en_US
dc.subject.lcshSpeculation.en_US
dc.subject.lcshProbalities.en_US
dc.titleHow to prevent trade based stock price manipulationen_US
dc.typeThesisen_US
thesis.degree.disciplineEconomics
thesis.degree.grantorBilkent University
thesis.degree.levelMaster's
thesis.degree.nameMA (Master of Arts)

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