Creemers, Marcel R. - Faculteit der Economische Wetenschappen en … - 1997
support the original EMH (e.g. Amazon bookshop). This implies that the EMH may be correct in forecasting electronic markets …, but wrong in determining the conditions under which this would take place. Moreover, modern electronic markets appear not … virtual communities, the evolution of which is not covered by the EMH, may play an important role as electronic markets too …