TY - BOOK AU - Mossin,Jan TI - The economic efficiency of financial markets SN - 0669010049 AV - HG173 .M644 U1 - 332.6 PY - 1977/// CY - Lexington, Mass. PB - Lexington Books KW - Finance--Mathematical models KW - Uncertainty--Mathematical models KW - Welfare economics--Mathematical models N1 - Includes bibliographical references and index N2 - The purpose of this book is to bring together- in a coherent fashion - various contributions to the welfare theoretical aspects of modern capital market theory. That is we shall examine the role of markets for financial claims in effecting, on the one hand, an efficient allocation of investment capital among investing - producing units, and, on the other hand, an efficient allocation of the result output (or return to investment) among consuming units ER -