often. We show that longer temporal information gaps lead to fewer but larger shocks and a reduction of the average noise … level on the dynamics. The consequences of these effects for market efficiency are ambiguous. Longer temporal information … gaps can deteriorate or improve market efficiency. The concrete result depends on the stability of the market together with …

often. We show that longer temporal information gaps lead to fewer but larger shocks and a reduction of the average noise … level on the dynamics. The consequences of these effects for market efficiency are ambiguous. Longer temporal information … gaps can deteriorate or improve market efficiency. The concrete result depends on the stability of the market together with …