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 |
