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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
Published by: American Economic Association
Stable URL: http://www.jstor.org/stable/1805228
Page Count: 16
You can always find the topics here!Topics: Prices, Market prices, Efficient markets, Expected utility, Trade, Endowments, Equilibrium prices, Information retrieval noise, Risk aversion, Capital markets
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