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231204s1989 xx o ||||0 eng d |
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|a 9783631755723
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|a (MiAaPQ)EBC30686095
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|a (OCoLC)1229830062
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|a MiAaPQ
|b eng
|e rda
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|c MiAaPQ
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|a Hans-Michael Geiger- Informational Efficiency in Speculative Markets- a Theoretical Investigation :
|b Informational Efficiency in Speculative Markets.
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|a 1st ed.
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|a Frankfurt a.M. :
|b Peter Lang GmbH, Internationaler Verlag der Wissenschaften,
|c 1989.
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|c Ã1989.
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|a 1 online resource (242 pages)
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|a text
|b txt
|2 rdacontent
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|a computer
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|2 rdamedia
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|a online resource
|b cr
|2 rdacarrier
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|a Allokation Im Marktwirtschaftlichen System Series ;
|v v.29
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|a Cover -- PREFACE -- INTRODUCTION -- Chapter I The Fundamental Issue: Efficiency in Market Economies -- 1 The Separability of Market Systems into an Allocation System and an Information System -- 1.1 The Allocation System -- 1.1.1 PARETO's Paradigm -- 1.1.2 Extension: Market Costs -- 1.1.2.1 Transaction Costs -- 1.1.2.2 Coordination Costs -- 1.1.2.3 Transaction Costs versus Coordination Costs -- 1.1.3 Factor Earnings -- 1.1.3.1 Input Costs -- 1.1.3.2 Managerial Reward -- 1.2 The Information System -- 1.2.1 The Concept of an Information System -- 1.2.2 Entrepreneurial Activity and Managerial Performance -- 1.2.2.1 The Mode of Interaction -- 1.2.2.2 Entrepreneurial Profit -- 1.2.2.3 Structures of Organization and Efficiency -- 1.2.3 The Process of Diffusion of Information -- 1.2.3.1 Profit Erosion as an Indication of Diffusion of Information -- 1.2.3.2 A Simple Model of Profit Erosion -- 1.2.4 Allocation versus Information Processes -- 1.2.5 Possession versus Property -- 2 The Concept of Allocational Efficiency and Informational Efficiency -- 2.1 Efficiency and Rationality in Economic Science -- 2.2 The Concept of Allocational Efficiency -- 2.3 The Concept of Informational Efficiency -- 3 An Efficiency-Preference Function -- Chapter II The Empirical Reference System: Futures Markets -- 1 Definition and Institutional Setup -- 2 Transaction Possibilities with Particular Reference to Conflicting Theories of Hedging -- 2.1 Arbitrage -- 2.2 Hedging -- 2.2.1 Hedging for Risk-Shifting -- 2.2.2 Hedging for Profit-Making -- 2.3 Speculation -- 2.4 Spreading -- 3 Economic Functions of Futures Markets -- 3.1 Microeconomic Functions -- 3.2 Macroeconomic Functions -- 4 Institutional Properties of Futures Markets as an Aid to Theoretical Analysis -- Chapter III The 'Neoclassical' Perspective of Informational Efficiency -- 1 Introductory Notes.
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|a 2 The Arithmomorphic Approach -- 2.1 Presentation of the Basic Idea -- 2.2 Expected Return Models -- 2.3 Statistical Backround -- 2.4 A FAMA-Model of an Informational Efficient Market System -- 2.4.1 Presentation of a FAMA-Model of an Informational Efficient Market System -- 2.4.2 Tests of Informational Efficiency -- 2.4.3 The Problem of Joint Tests -- 2.5 Limitations and Criticism of the Arithmomorphic Approach -- Chapter IV An 'Austrian' Perspective of Informational Efficiency -- 1 Introductory Notes -- 2 An 'Austrian' Perspective -- 2.1 Hedging versus Speculation -- 2.2 Information Processes -- 2.3 Divergent Expectations and Speculative Prices -- 2.3.1 The Idea of Expectations -- 2.3.2 Consensus Expectations versus Divergent Expectations -- 2.3.3 The 'Unquiet Market' -- 2.3.4 The Principle of False-Price-Trading -- 2.3.5 Speculative Prices versus Forecast Prices -- 2.4 Monopoly and Profit -- 2.4.1 The Notion of Friction -- 2.4.2 Monopoly -- 2.4.3 Market Efficiency.
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|a Description based on publisher supplied metadata and other sources.
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|a Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2023. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.
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|a Electronic books.
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|i Print version:
|t Hans-Michael Geiger- Informational Efficiency in Speculative Markets- a Theoretical Investigation
|d Frankfurt a.M. : Peter Lang GmbH, Internationaler Verlag der Wissenschaften,c1989
|z 9783631408032
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| 797 |
2 |
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|a ProQuest (Firm)
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| 830 |
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|a Allokation Im Marktwirtschaftlichen System Series
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| 856 |
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|u https://ebookcentral.proquest.com/lib/matrademy/detail.action?docID=30686095
|z Click to View
|
