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Item Details
Title: MARKET MICROSTRUCTURE
INTERMEDIARIES AND THE THEORY OF THE FIRM
By: Daniel F. Spulber
Format: Electronic book text

List price: £135.00


We currently do not stock this item, please contact the publisher directly for further information.

ISBN 10: 0511625936
ISBN 13: 9780511625930
Publisher: CAMBRIDGE UNIVERSITY PRESS
Pub. date: 18 December, 2009
Description: Spulber presents a theory of the firm based on its economic role as an intermediary between customers and suppliers.
Synopsis: 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.
Illustrations: 39 b/w illus. 2 tables
Publication: UK
Imprint: Cambridge University Press (Virtual Publishing)
Returns: Non-returnable
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