Information and Capital Markets Author:Norman Strong The existence of imperfect information is often given insufficient attention by students of finance theory, but the interaction between information and capital markets is of interest and importance to students of the economics of information. "Information and Capital Markets" brings together the previously disparate literature on this subject an... more »d offers an analysis to satisfy the requirements of both groups. Its central theme is to explain the importance of information economics in so far as it affects the conventional wisdom of neo-classical finance theory. A secondary theme is the empirical testability of new theories and an evaluation of the body of research observed from movements in security prices and trading volumes. The book's main emphasis is on the central concepts and ideas emerging from the literature.« less