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Item Details
| Title:
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MARKET MICROSTRUCTURE
INTERMEDIARIES AND THE THEORY OF THE FIRM |
| By: |
Daniel F. Spulber |
| Format: |
Hardback |
| List price:
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£110.00 |
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We currently do not stock this item, please contact the publisher directly for
further information.
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| ISBN 10: |
0521650259 |
| ISBN 13: |
9780521650250 |
| Publisher: |
CAMBRIDGE UNIVERSITY PRESS |
| Pub. date: |
13 April, 1999 |
| Pages: |
406 |
| 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 |
| Returns: |
Returnable |
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