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Capital market efficiency |
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Capital market efficiencyThe degree to which the present asset price accurately reflects current information in the market place. See: Efficient market hypothesis.Capital market efficiency Similar MatchesRiegle Neal Interstate Banking and Branching Efficiency Act of 1994Riegle Neal Interstate Banking and Branching Efficiency Act of 1994Law permitting interstate banking in the US Technical inefficiencyTechnical inefficiencySee X-efficiency. Economic efficiencyEconomic efficiencyThe extent to which a given set of resources is being allocated across uses or activities in a manner that maximizes whatever value they are intended to produce, such as output, market value, or utility. Contrasts with engineering efficiency, which focuses within a single activity on the output it produces per unit input. Informational efficiencyInformational efficiencyThe degree to which market prices correctly and quickly reflect information and thus the true value of an underlying asset. X-efficiencyX-efficiencyThe ability of a firm to get maximum output from its inputs. Failure to do so, called X-inefficiency or technical inefficiency, may be due to lack of incentives provided by competition. Improvement in X-efficiency is one hypothesized source of gain from trade. Term is due to Leibenstein (1966). Further SuggestionsMarginal efficiency of capitalEfficiency locus Pricing efficiency Strong form efficiency Allocational efficiency Engineering efficiency Efficiency Semistrong form efficiency Allocative efficiency Efficiency Informational efficiency |
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