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Much of undergraduate economics is dedicated to the study of efficient markets. This is a useful simplification in many fields -- no one cares who they buy stock from, and gasoline, wheat, and other commodities are almost as undifferentiated.
I've recently been considering markets that are highly inefficient and illiquid. Any thoughts on resources (PDFs, web sites, books, articles) to get me started?
I've recently been considering markets that are highly inefficient and illiquid. Any thoughts on resources (PDFs, web sites, books, articles) to get me started?