Книга Market Microstructure Daniel F. Spulber

Market Microstructure

Intermediaries and the Theory of the Firm

Автор: Daniel F. Spulber
Език: Английски език
Корици: С меки корици
Издател: Cambridge University Press
Наличност: Външен склад
Изпращаме след 10-18 дни
60.24 117.81 лв
This book presents a theory of the firm based on its economic role as an intermediary between custom...

Информация за книгата

Автор
Език
Английски език
Корици
Книга - С меки корици
Издадена
1999
страници
408
EAN
9780521659789
ISBN
0521659787
Enbook ID
02039541
Теглоt
610
Размери
203 x 231 x 31

Пълно описание

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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