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Additionally, a short-sale prohibition increases market depth. Imposing a cost on short selling instead of a strict prohibition yields similar results. Novel empirical implications are identified. <\/jats:p><jats:p> This paper was accepted by Karl Diether, finance. <\/jats:p>","DOI":"10.1287\/mnsc.2019.3501","type":"journal-article","created":{"date-parts":[[2020,5,21]],"date-time":"2020-05-21T16:07:25Z","timestamp":1590077245000},"page":"1803-1824","source":"Crossref","is-referenced-by-count":16,"title":["Informed Trading with a Short-Sale Prohibition"],"prefix":"10.1287","volume":"67","author":[{"ORCID":"https:\/\/2.zoppoz.workers.dev:443\/https\/orcid.org\/0000-0002-6271-3116","authenticated-orcid":false,"given":"Stephen L.","family":"Lenkey","sequence":"first","affiliation":[{"name":"Smeal College of Business, Pennsylvania State University, University Park, Pennsylvania 16802"}],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"109","reference":[{"key":"B1","doi-asserted-by":"publisher","DOI":"10.1006\/jeth.1993.1067"},{"key":"B2","doi-asserted-by":"publisher","DOI":"10.1016\/j.jfineco.2003.05.007"},{"key":"B3","doi-asserted-by":"publisher","DOI":"10.1016\/j.jfineco.2005.01.001"},{"key":"B5","doi-asserted-by":"publisher","DOI":"10.1016\/S0022-0531(03)00039-5"},{"key":"B6","doi-asserted-by":"publisher","DOI":"10.1111\/j.1540-6261.2012.01802.x"},{"key":"B7","doi-asserted-by":"publisher","DOI":"10.1016\/j.jfineco.2012.12.006"},{"key":"B8","doi-asserted-by":"publisher","DOI":"10.1017\/S0022109000002143"},{"key":"B9","doi-asserted-by":"publisher","DOI":"10.1093\/rfs\/hhs097"},{"key":"B10","doi-asserted-by":"publisher","DOI":"10.1111\/j.1540-6261.2008.01324.x"},{"key":"B12","doi-asserted-by":"publisher","DOI":"10.1111\/j.1540-6261.2007.01230.x"},{"key":"B14","doi-asserted-by":"publisher","DOI":"10.1111\/j.1540-6261.2007.01270.x"},{"key":"B15","doi-asserted-by":"publisher","DOI":"10.1016\/S0304-405X(02)00223-4"},{"key":"B17","doi-asserted-by":"publisher","DOI":"10.1016\/S0304-405X(01)00056-3"},{"key":"B18","doi-asserted-by":"publisher","DOI":"10.1016\/0304-405X(87)90042-0"},{"key":"B19","doi-asserted-by":"publisher","DOI":"10.1111\/j.1540-6261.2008.01428.x"},{"key":"B21","volume-title":"Short Sale Position and Transaction Reporting","author":"Division of Economic and Risk Analysis","year":"2014"},{"key":"B22","doi-asserted-by":"publisher","DOI":"10.1111\/j.1540-6261.1996.tb02692.x"},{"key":"B23","doi-asserted-by":"publisher","DOI":"10.1016\/S0304-405X(02)00226-X"},{"key":"B24","doi-asserted-by":"publisher","DOI":"10.1016\/j.jfineco.2012.03.001"},{"key":"B25","doi-asserted-by":"publisher","DOI":"10.2307\/2330366"},{"key":"B26","doi-asserted-by":"publisher","DOI":"10.1093\/rof\/rfm036"},{"issue":"3","key":"B27","first-page":"393","volume":"70","author":"Grossman SJ","year":"1980","journal-title":"Amer. 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