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Market Microstructure

Name: Market Microstructure
Brand: Cambridge University Press
SKU: 02039541
Price: 21868 HUF
Availability: InStock
Author: Daniel F. Spulber
ISBN: 9780521659789

Intermediaries and the Theory of the Firm

Daniel F. Spulber

Language

English

Book Paperback

Libristo code: 02039541

Publishers Cambridge University Press, April 1999

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

Libristo code: 02039541

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21 868 Ft

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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.

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About the book

Full name Market Microstructure

Author Daniel F. Spulber

Language

English

Binding Book - Paperback

Date of issue 1999

Number of pages 408

EAN 9780521659789

ISBN 0521659787

Libristo code 02039541

Publishers Cambridge University Press

Weight 610

Dimensions 203 x 231 x 31

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