Economics

Market Microstructure

Name: Market Microstructure
Brand: Cambridge University Press
SKU: 9780521650250
Price: 14631.00 INR
Availability: InStock
ISBN: 9780521650250

MARKET MICROSTRUCTURE & THE TH

Contributor(s): Spulber, Daniel F. Author Format: Hardback

Hardback · ISBN 9780521650250

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Key Specifications

ISBN	9780521650250
Subtitle	MARKET MICROSTRUCTURE & THE TH
Publisher	Cambridge University Press
Publication date	January 1999
Language	English
MRP	£116.00 GBP
Page count	406
Item weight	169 g

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.

Market Microstructure

Key Specifications

Spulber, Daniel F. Author

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