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The gain from improved market efficiency: Trade before and after the transatlantic telegraph
Mette Ejrnæs
, Karl Gunnar Persson
Økonomisk Institut
23
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Keyphrases
Market Efficiency
100%
Telegraph
100%
Law of One Price
60%
Information Transmission
40%
Law Violation
40%
Long Distance
40%
Supply-demand
20%
Commercial Press
20%
Swift
20%
Shock
20%
Exporters
20%
Information Regimes
20%
Chicago
20%
Speed of Adjustment
20%
Harberger Triangle
20%
Nineteenth Century
20%
Grain Trade
20%
Deadweight Loss
20%
Transport Costs
20%
Conventional View
20%
Liverpool
20%
Excess Supply
20%
Excess Demand
20%
Price Equilibrium
20%
Economics, Econometrics and Finance
Efficient Market Hypothesis
100%
Price Convergence
60%
Transport Cost
20%
Price
20%