Market dynamics when participants rely on relative valuation
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References listed on IDEAS
- Grossman, Sanford J & Stiglitz, Joseph E, 1980.
"On the Impossibility of Informationally Efficient Markets,"
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More about this item
Keywords
Relative valuation; inefficient; EMH; simulation; comparative valuation;All these keywords.
JEL classification:
- G02 - Financial Economics - - General - - - Behavioral Finance: Underlying Principles
- D53 - Microeconomics - - General Equilibrium and Disequilibrium - - - Financial Markets
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