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On the Impossibility of Informationally Efficient Markets

Sanford J. Grossman and Joseph E. Stiglitz
The American Economic Review
Vol. 70, No. 3 (Jun., 1980), pp. 393-408
Stable URL: http://www.jstor.org/stable/1805228
Page Count: 16
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On the Impossibility of Informationally Efficient Markets
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