Książka Market Microstructure Daniel F. Spulber

Market Microstructure

Intermediaries and the Theory of the Firm

Język: Angielski
Oprawa: Miękka
Dostępność: Dostępna u dostawcy
Wysyłamy za 10-18 dni
230.73
This book presents a theory of the firm based on its economic role as an intermediary between custom...

Informacje o książce

Język
Angielski
Oprawa
Książka - Miękka
Data wydania
1999
strony
408
EAN
9780521659789
ISBN
0521659787
Enbook ID
02039541
Waga
610
Wymiary
203 x 231 x 31

Pełny opis

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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