Leerverkäufe verbieten? - Eine ordnungstheoretische Sicht
Suttner Johannes, Kielholz Verena
In this paper the authors argue that the problem of abusive short selling is not caused by short sales per se. For this purpose they focus on Eucken's dialectic view on market structures and instruments and propose an institutional framework to avoid abusive short selling. Supervision and disclosure rules are suggested to be part of this framework. In general, the authors support commerce in short sales because of their informational utility for the market.
Short sales, restrictions, private property, market efficiency, informational utility