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The Efficiency of China's Stock Market
book

The Efficiency of China's Stock Market

by Shiguang Ma
November 2017
Intermediate to advanced content levelIntermediate to advanced
302 pages
16h 35m
English
Routledge
Content preview from The Efficiency of China's Stock Market
expenditure on the information. The point E at which the marginal cost curve MC
intersects the marginal gain curve MG, where MC=MG, is equilibrium of the
market. While the marginal gain exceeds the marginal cost on the left of point E,
the share traders would like to spend more on information. In contrast, when the
marginal gain is less than the marginal cost on the right of point E, share traders
prefer trading without further information gathering.
For the analysis on the relation of market equilibrium and market efficiency, a
dot line is vertically drawn from point C of Panel A to point E of Panel B. Figure
3.1 shows ...
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Publisher Resources

ISBN: 9781351146913