但经济学家并不是市场效率的天真信徒。
But economists were hardly naive believers in market efficiency.
差价的大小并不是市场效率的唯一标准.
The size of spreads is not necessarily the only criterion of market efficiency.
因此，信用是市场效率的保证。
延长交易时间并不意味着市场效率就越高。
市场效率是股票市场研究的基本问题之一。
Efficiency 'is one of the basic problem in studying the stock market.
迈克尔·斯宾塞一直在提醒世人警惕市场效率提升的阻力。
MICHAEL SPENCE has long been pointing out the frictions that interfere with efficient markets.
此书详细记叙了自由市场效率的权威“证据”的演变历程。
The book gives a detailed account of how the formal “proof” of the efficiency of free markets evolved.
期货市场的功能在于价格发现、价格风险规避及市场效率提高。
The function of futures markets is price discovery, price risk hedging, and market efficiency improving.
其次，本文综述和实证的方法探讨了市场效率的测试。
Secondly this essay has a review and discussion of the empirical approaches to test for the market efficiency.
市场效率的低下对这个重要的经济部分来说是有害的。
The market inefficiencies can prove detrimental for this important sector of the economy.
额外付费造成了高昂的市场进入成本，导致市场效率低下。
Extra expense brings out high-priced cost of entering market, and causes the inefficient.
在中国债券市场中引入国际债券市场操作规范。提高市场效率。
Introduce international bond market practice to the Chinese bond market to develop market efficiency.
这也充分说明了市场机制将会逐渐地带来电力市场效率的最大化。
We can also find that the market mechanism brings the maximum efficiency to the current power market.
土耳其电力市场效率得以提高，私营部门在配电和发电领域的参与也有所增加。
Turkey has improved the efficiency of its electricity market while increasing private sector participation in power distribution and generation.
这恰恰反映出了中国审计市场目前的竞争秩序混乱、市场效率低下。
It just reflects the confusion of competition and lowness of efficiency in Chinese audit market.
最具讽刺意味的是电脑驱动交易模式，这个原本应该提高市场效率的可笑模式。
most controversial form of computer-driven trading is ironically the one that should make markets more efficient.
第三，讽刺地是，最有争议的计算机驱动交易形式恰恰是可提高市场效率的形式。
The third, most controversial form of computer-driven trading is ironically the one that should make markets more efficient.
股东财富最大化，价格稍微低一些限制性的，因为它并不需要市场效率。
Stockholder wealth maximization is slightly less restrictive, since it does not require that markets be efficient.
然而，投资者所带来的好处(保证市场效率的流动性和价格信息)却很少得不到肯定。
Yet the benefits that investors bring-the liquidity and price information that make for efficient markets-barely get a hearing.
所以股票市场的信息是否对称，直接影响到股票市场功能的发挥和市场效率。
Therefore, it is directly to influence the function of the stock market and the market efficiency, whether the information of stock market is symmetry.
但是，它们的效率却比那些有众多公司竞争，不存在垄断结构的市场效率要高。
However, their efficiency has numerous company's competitions more than those, there is no market efficiency of monopolizing structure high.
过去十年中，土耳其电力市场效率得以提高，私营部门在配电和发电领域的参与也有所增加。
In the last ten years, Turkey has also improved the efficiency of its electricity market while increasing private sector participation in power distribution and generation.
证券市场是一个信息流动的市场，充分的信息披露是保证证券市场效率的关键因素。
Securities market is an information mobile market, that full information disclosure is the key aspect to guarantee the securities market efficiency.
所有这一切都能支持上述的轶闻证据，互联网确能提高农产品市场效率，正如手机所起的作用。
All this supports the anecdotal evidence that the Internet can indeed make agricultural markets more efficient, just as mobile phones can.
所有这一切都能支持上述的轶闻证据，互联网确能提高农产品市场效率，正如手机所起的作用。
All this supports the anecdotal evidence that the Internet can indeed make agricultural markets more efficient, just as mobile phones can.
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