LEADER 05863nam 2200781Ia 450 001 9910141255503321 005 20200520144314.0 010 $a1-119-20271-X 010 $a1-280-59250-8 010 $a9786613622334 010 $a1-118-22344-6 035 $a(CKB)2670000000177337 035 $a(EBL)821794 035 $a(OCoLC)793165388 035 $a(SSID)ssj0000640488 035 $a(PQKBManifestationID)11404009 035 $a(PQKBTitleCode)TC0000640488 035 $a(PQKBWorkID)10611638 035 $a(PQKB)10813584 035 $a(Au-PeEL)EBL821794 035 $a(CaPaEBR)ebr10560599 035 $a(CaONFJC)MIL362233 035 $a(OCoLC)797858422 035 $a(CaSebORM)9781118236864 035 $a(MiAaPQ)EBC821794 035 $a(EXLCZ)992670000000177337 100 $a20111114d2012 uy 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 00$aRegulating competition in stock markets$b[electronic resource] $eantitrust measures to promote fairness and transparency through investor protection and crisis prevention /$fLawrence R. Klein, Viktoria Dalko, and Michael H. Wang, editors 205 $a1st edition 210 $aHoboken, NJ $cWiley$dc2012 215 $a1 online resource (366 p.) 225 1 $aWiley finance series 300 $aDescription based upon print version of record. 311 $a1-118-23686-6 311 $a1-118-09481-6 320 $aIncludes bibliographical references and index. 327 $aRegulating Competition in Stock Markets: ANTITRUST MEASURES TO PROMOTE FAIRNESS AND TRANSPARENCY THROUGH INVESTOR PROTECTION AND CRISIS PREVENTION; Contents; Foreword; Introduction; Acknowledgments; PART 1: Happiness, Health, and Longevity during the 2008 Global Financial Crisis; CHAPTER 1: Does the Recent Financial Crisis Impact Health and Happiness?; Concepts of Happiness; The History of Modeling Health and Financial Crisis; Crisis Impact on Mental Health, Morbidity, and Mortality; Crisis Impact on Happiness 327 $aImpact of Declining GDP, Unemployment, Financial Loss, and Financial Strain on HappinessHealth and Happiness; Theory: How Emotions Impact Physical Health; Happiness Is a Good Measure of Welfare and Utility; Our Three Objectives; We Created Our Happiness and Health Domain Indices; Our Financial Crisis-Impact Model; Our Model of Happiness Consists of Two Equations; Survey Participants and Timing; Results; Estimates of Happiness Equations; Variations of Our Model; Financial Crisis as a Major International Traumatic Event; How Much Happiness Was Lost in the Financial Crisis? 327 $aHow Much Did Health Deteriorate?Can We Just Wait for the Next Financial Crisis?; Notes; CHAPTER 2: Profound Unhappiness in the International Recession: The Case of Suicide in Industrialized Countries; Background; Two Concepts of Happiness; A Psychological Viewpoint; Unhappiness, Hopelessness, and Depression; Hypothesis: Happiness as Accomplishment Predicts Happiness as Pleasure; The Macro-economic Predictors; Analysis; Conclusions; PART 2: Imperfect Competition and Antitrust Regulations in the Stock Markets; CHAPTER 3: Preventing Stock Market Crises (I): Regulating Shareholding Concentration 327 $aIs Perfect Competition Possible in the Stock Market?Concentration, Manipulation, and Monopoly; Can Stock Markets Still Be Manipulated?; Manipulation Is Frequent in U.S. Markets; Manipulation Is Occasionally Rampant Worldwide; Manipulation Is Chronic and Frequent in Global Stock Markets; Prosecution Rate of Market Manipulation Is Low; Theoretical Literature on Market Manipulation; We Choose the Accumulation-Lift-Distribution Scheme to Study; Manipulative Objective of Each Stage of the ALD Scheme; Are Monopolistic Practices Involved in the ALD Scheme?; Antitrust Against ALD Manipulation 327 $aExisting Approach and Our Proposal to Regulate Market ManipulationRegulatory Proposal: A Generic Recommendation; Benefits of Regulating Concentration; Concluding Remarks and Future Research; Notes; CHAPTER 4: Preventing Stock Market Crises (II): Regulating Trade-Based Price-Lifting; How Is Large Price Impact by Other Investors Induced?; Empirical Research on Volume-Based Price Impact; The SEBI Prosecution Cases; The Manipulation Tactics Used in Price Lifting; Fictitious Trading; Time Intervals between Matched Orders Are Negligibly Short; Advancing the Bid Is Involved in Fictitious Trading 327 $aFictitious Trading Can Be Used for Price Pegging 330 $aA guide to curbing monopoly power in stock markets Engaging and informative, Regulating Competition in Stock Markets skillfully analyzes the impact of the recent global financial crisis on health and happiness, and uses this opportunity to put regulatory systems in perspective. Happiness is lost because of emotional and physical health deterioration resulting from the crisis. Therefore, the authors conclude that financial crisis prevention should be the focus of public policy. This book is the most comprehensive study so far on potential risks to the stock market, especially 410 0$aWiley finance series. 606 $aStock exchanges$xState supervision 606 $aStock exchanges$xGovernment policy 606 $aFinancial crises 606 $aCompetition 615 0$aStock exchanges$xState supervision. 615 0$aStock exchanges$xGovernment policy. 615 0$aFinancial crises. 615 0$aCompetition. 676 $a332.64/2 701 $aKlein$b Lawrence Robert$045009 701 $aDalko$b Viktoria$0982308 701 $aWang$b Michael H$0982309 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910141255503321 996 $aRegulating competition in stock markets$92242083 997 $aUNINA