The Efficiency of Decentralized Investment Management Systems
收藏NBER1981-07-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w0719
下载链接
链接失效反馈官方服务：
资源简介：
The primary purpose of this paper is to demonstrate that decentralized investment management systems may not always be efficient. Specifically, within the context of a particular portfolio choice paradigm it is shown that a given decentralized investment management system is (weakly) efficient if
提供机构：
美国国家经济研究局
创建时间：
1981-07-01
