TY  - BOOK
TI  - Hans-Michael Geiger- Informational Efficiency in Speculative Markets- A Theoretical Investigation
T2  - Allokation im marktwirtschaftlichen System
PY  - 2018///
CY  - Bern
PB  - Peter Lang International Academic Publishers
KW  - Efficiency
KW  - Geiger
KW  - Hans
KW  - Inform
KW  - Informational
N2  - The purpose of this work is to provide a critical presentation and some extensions of two perspectives of informational efficiency: On the one hand the neoclassical perspective or «arithmomorphic approach» explains efficiency in terms of a concept mainly based on an explicit economic theory. On the other hand, in the Austrian perspective or «causal genetic approach» attention is drawn to the entrepreneurial element of human decision making related to an arbitrage theory of profit which is not traced back to anonymous market forces but rather to incessant discovery of information guided by entrepreneurial alertness
UR  - https://library.oapen.org/bitstream/20.500.12657/26753/1/1003295.pdfhttp://library.oapen.org/handle/20.500.12657/26753
ER  -