Market Microstructure Intermediaries And The Theory Of The Firm
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Market Microstructure
Author: Daniel F. Spulber
language: en
Publisher: Cambridge University Press
Release Date: 1999-04-13
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.
Market Microstructure
Author: Daniel F. Spulber
language: en
Publisher: Cambridge University Press
Release Date: 1999-04-13
Professor Spulber demonstrates how the intermediation theory of the firm explains firm formation by showing why firms arise in a market equilibrium with costly transactions. In addition, the theory helps explain how markets work by.
The Theory of the Firm
Author: Daniel F. Spulber
language: en
Publisher: Cambridge University Press
Release Date: 2009-04-13
The Theory of the Firm presents an innovative general analysis of the economics of the firm.