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On the Impossibility of Informationally Efficient Markets

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Listed author(s):
  • Sanford J Grossman
  • Joseph E Stiglitz

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File URL: http://www.dklevine.com/archive/refs41908.pdf
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Paper provided by David K. Levine in its series Levine's Working Paper Archive with number 1908.

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Date of creation: 09 Oct 1997
Handle: RePEc:cla:levarc:1908
Contact details of provider: Web page: http://www.dklevine.com/

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  1. Sanford J. Grossman & Richard E. Kihlstrom & Leonard J. Mirman, 1977. "A Bayesian Approach to the Production of Information and Learning By Doing," Review of Economic Studies, Oxford University Press, vol. 44(3), pages 533-547.
  2. Richard E. Kihlstrom & Leonard J. Mirman, 1975. "Information and Market Equilibrium," Bell Journal of Economics, The RAND Corporation, vol. 6(1), pages 357-376, Spring.
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