The Optimality of a Competitive Stock Market
Open Access
- 1 January 1974
- journal article
- Published by JSTOR in The Bell Journal of Economics and Management Science
- Vol. 5 (1) , 145
- https://doi.org/10.2307/3003096
Abstract
The findings of Jensen-Long and Stiglitz on the optimality of the stock market allocation have led to a controversy over whether the sources of the nonoptimalit...Keywords
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