Leerverkäufe verbieten? - Eine ordnungstheoretische Sicht

Suttner Johannes, Kielholz Verena


Abstract
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.

Keywords
Short sales, restrictions, private property, market efficiency, informational utility



Publication type
Article in Journal

Peer reviewed
Yes

Publication status
Published

Year
2011

Journal
ORDO - Jahrbuch für die Ordnung von Wirtschaft und Gesellschaft

Volume
62

Start page
101

End page
113

Pages range
13

Language
German