Market Microstructure

Market Microstructure pdf epub mobi txt 电子书 下载 2025

出版者:Cambridge University Press
作者:Daniel F. Spulber
出品人:
页数:408
译者:
出版时间:1999-4-13
价格:USD 54.99
装帧:Paperback
isbn号码:9780521659789
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  • 英文 
  • 美国 
  • 经济学 
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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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