Costly information and the stock market
By: John Bryant
Series: Staff report -- # 53; Staff report (Federal Reserve Bank of Minneapolis. Research Department : Online) -- 53.
Publisher: Federal Reserve Bank of Minneapolis
Published: 1980
Place of publication: Minneapolis, Minn.]
Language: eng
Format: [electronic resource] /
Subjects: Stocks; Prices
Description: "In a simple, coherent, general equilibrium model it is demonstrated why stock market prices do not reflect costly but socially useless information"--Federal Reserve Bank of Minneapolis web site.
Notes: Title from PDF file as viewed on 10/16/2007.

Includes bibliographical references.

Also available in print.

System requirements: Adobe Acrobat Reader.

Mode of access: World Wide Web.