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Sergio Da Silva, Raul Matsushita and Ricardo Giglio
 
''The relative efficiency of stockmarkets''
( 2008, Vol. 7 No.6 )
 
 
Financial economists usually assess market efficiency in absolute terms. This is a shortcoming. One way of dealing with the relative efficiency of markets is to resort to the efficiency interpretation provided by algorithmic complexity theory. This paper employs such an approach in order to rank 36 stock exchanges and 37 individual company stocks in terms of their relative efficiency.
 
 
Keywords:
JEL:
C6 - Mathematical Methods and Programming: General
 
Manuscript Received : Jan 22 2008 Manuscript Accepted : Apr 21 2008

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