Would you consider the real estate market an

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Would You Consider the Real Estate Market an Efficient Capital Market? Please Explain Why or Why Not. No, real estate market cannot be considered to be an efficient capital market because it does not have a continuous market. Again, the investors in the real estate market have a different volume of information making the market to have a substantial impairment of efficiency (Kurlat & Stroebel, 2015). Thus, knowledgeable investors stand a high chance to have a competitive advantage against the less informed.
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5 CAPITAL MARKET References Arrfelt, M., Wiseman, R. M., McNamara, G., & Hult, G. T. M. (2015). Examining a key corporate role: The influence of capital allocation competency on business unit performance. Strategic Management Journal , 36 (7), 1017-1034. Daily, J. E., Kieff, F. S., & Wilmarth Jr, A. E. (2014). Introduction. In Perspectives on Financing Innovation (pp. 13-16). Routledge. Ehrhardt, M. C., & Brigham, E. F. (2016). Corporate finance: A focused approach . Cengage learning. Kristoufek, L., & Vosvrda, M. (2014). Commodity futures and market efficiency. Energy Economics , 42 , 50-57. Kurlat, P., & Stroebel, J. (2015). Testing for information asymmetries in real estate markets. The Review of Financial Studies , 28 (8), 2429-2461. Poshakwale, S. (2015). Market efficiency. Wiley Encyclopedia of Management . Stiglitz, J. E., & Rosengard, J. K. (2015). Economics of the Public Sector: Fourth International Student Edition . WW Norton & Company.
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