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Empirical Tests of Efficiency Wage Models

✍ Scribed by Tzu-Ling Huang; Arnems Hallam; Peter F. Orazem; Eizabeth M. Paterno


Book ID
108559047
Publisher
John Wiley and Sons
Year
1998
Tongue
English
Weight
227 KB
Volume
65
Category
Article
ISSN
0013-0427

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Recent empirical research using real estate data has supported the weak and semi-strong forms of the efficient markets hypothesis. Previous studies have not included an estimate of expected appreciation into the tests of market efficiency, thus raising a question about the reliability of the results