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- W2807055708 abstract "This chapter studies market informational efficiency which is a key concept used in financial economics, introduced by Fama in the early 1970s. A rigorous definition of an efficient market is provided which is contrasted with the intuitive definition. It is shown that this rigorous definition requires only the existence, and not the characterization of an economic equilibrium. Such a rigorous definition allows new insights into the testing of an informationally efficient market, which are discussed as well." @default.
- W2807055708 created "2018-06-13" @default.
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- W2807055708 date "2018-01-01" @default.
- W2807055708 modified "2023-09-27" @default.
- W2807055708 title "Market Informational Efficiency" @default.
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- W2807055708 doi "https://doi.org/10.1007/978-3-319-77821-1_16" @default.
- W2807055708 hasPublicationYear "2018" @default.
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