The policies are preferential ones, resulting in pooling equilibrium of the financial reports from the corporations, and further causing inefficiency of stock market.

配股政策是一种优惠政策，造成了公司业绩披露的混同均衡，进而造成市场效率的下降。

youdao

The research shows that on the given conditions there are possible equilibriums whose efficiencies are decreasing: separating equilibrium, semi-separating equilibrium and pooling equilibrium.

研究表明，在一定条件满足时速存在着三种效率依次递减的均衡：分离均衡、混杂均衡和共用均衡。

youdao

The research shows that on the given conditions there are possible equilibriums whose efficiencies are decreasing: separating equilibrium, semi-separating equilibrium and pooling equilibrium.

研究表明，在一定条件满足时速存在着三种效率依次递减的均衡：分离均衡、混杂均衡和共用均衡。

youdao