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MARKET-MAKING AND THE ASSESSMENT OF MARKET EFFICIENCY

Authors

  • Dennis E. Logue

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    • Amos Tuck School of Business Administration, Dartmouth College and U.S. Treasury. Thanks go to Larry Merville, Jeffrey Jaffe, George Hettenhouse, Amir Barnea, Donald Tuttle, and Fischer Black for helpful comments. Thanks go also to Harry Markowitz for his many constructive suggestions and patience. The views expressed in this paper are my own and do not necessarily reflect those of the U.S. Treasury.

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