haku: @indexterm Efficiency / yhteensä: 625
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Tekijä: | Duxbury, D. |
Otsikko: | Experimental asset markets within finance |
Lehti: | Journal of Economic Surveys
1995 : DEC, VOL. 9:4, p. 331-372 |
Asiasana: | FINANCE ASSETS EFFICIENCY |
Kieli: | eng |
Tiivistelmä: | This paper addresses the concept of market efficiency, presenting a critical review of the conventional tests in the area, which in turn provides the justification for employing an experimental methodology. The literature on experimental asset markets within finance is then reviewed and evaluated. Research into the informational efficiency of asset markets is widespread and has dominated the finance literature for a number of decades. The question of efficient markets is an important issue that requires consideration because of the role capital markets undertake as allocators of scarce resources. |
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