Market Microstructure

Name: Market Microstructure
Brand: Cambridge University Press
SKU: 9780521659789
Price: 301.01 RON
Availability: InStock

Intermediaries and the Theory of the Firm

Autor: Daniel F. Spulber

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Editura: Cambridge University Press

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This book presents a theory of the firm based on its economic role as an intermediary between custom...

Informații despre carte

Autor

Daniel F. Spulber

Limbă

engleză

Legare

Carte - Carte broșată

Publicat

1999

Pagini

408

EAN

9780521659789

ISBN

0521659787

Enbook ID

02039541

Editura

Cambridge University Press

Greutate

610

Dimensiuni

203 x 231 x 31

Descriere completă

This book presents a theory of the firm based on its economic role as an intermediary between customers and suppliers. Professor Spulber demonstrates how the intermediation theory of the firm explains firm formation by showing how they arise in a market equilibrium. In addition, the theory helps explain how markets work by showing how firms select market-clearing prices. Models of intermediation and market microstructure from microeconomics and finance shed considerable light on the formation and market-making activities of firms. The intermediation theory of the firm is compared to existing economic theories of the firm including the neoclassical, industrial organization, transaction cost, and principal-agent models.

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Market Microstructure

Intermediaries and the Theory of the Firm

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