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One does not have to believe in the efficient market hypothesis to understand this outcome.
It's important to understand that these companies' first interest is not in the efficient and effective supply of electricity.
Financial academics have spent much of the past 30 years poking holes in the "efficient market hypothesis".
The reason high-quality and consistent accounting standards are desirable is to aid in the efficient allocation of capital in globalized markets.
K. J. McCorry, the spokeswoman for the association and owner of Officiency Inc. in Denver, talks in the efficient tones of her profession.
Rather than believing in the Efficient Markets Hypothesis, I have come to doubt the universal character of the Second Law of Thermo-dynamics.
(He is particularly harsh on people who believe in "the efficient market theory," which suggests that it's very hard to beat the market over time).
Incidental Intelligence: The entry for "Nuts & Bolts" in the efficient and dependably alphabetical Yellow Pages of the New York Telephone Company is "See 'Bolts….
Therefore, an important aspect in the efficient operation of an airport facility is the marshaling of ground service vehicles and aircraft in the terminal apron area.
Everyone in the group, with the exception of Lori and Beth, now takes part in the efficient, choreographed killing of walkers.
Those satellites, Dr. MacLean of the Canadian Space Agency says, have a momentous role to play in the efficient use of resources.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com