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Cataloged Resource Summary

 

Title

Efficient Capital Markets

Author

Steven L. Jones and Jeffry M. Netter

Category

Financial Economics

Type

Article

Description

To an economist the difference between the market in the late 1700s and today is that today's market is more "efficient" at incorporating information into security prices. Efficient capital markets are commonly thought of as markets in which security prices fully reflect all relevant information that is available about the fundamental value of the securities.

URL

http://www.econlib.org/library/Enc/EfficientCapitalMarkets.html
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