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Market Microstructure - Intermediaries and the Theory of the Firm (Paperback) Loot Price: R1,272
Discovery Miles 12 720
Repayment Terms: R119 pm x 12*
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Market Microstructure - Intermediaries and the Theory of the Firm (Paperback): Daniel F. Spulber

Market Microstructure - Intermediaries and the Theory of the Firm (Paperback)

Daniel F. Spulber

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Loot Price R1,272 Discovery Miles 12 720 | Repayment Terms: R119 pm x 12*

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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.

General

Imprint: Cambridge UniversityPress
Country of origin: United Kingdom
Release date: April 1999
First published: 1999
Authors: Daniel F. Spulber
Dimensions: 230 x 153 x 23mm (L x W x T)
Format: Paperback - Trade
Pages: 408
ISBN-13: 978-0-521-65978-9
Categories: Books > Business & Economics > Economics > Microeconomics > General
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LSN: 0-521-65978-7
Barcode: 9780521659789

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