Daniel F. Spulber

Market Microstructure

Intermediaries and the Theory of the Firm

• Broschiertes Buch

Produktbeschreibung

Spulber presents a theory of the firm based on its economic role as an intermediary between customers and suppliers.

Produktdetails

• Verlag: Cambridge University Press
• Seitenzahl: 408
• Erscheinungstermin: 20. Februar 2004
• Englisch
• Abmessung: 229mm x 152mm x 25mm
• Gewicht: 660g
• ISBN-13: 9780521659789
• ISBN-10: 0521659787
• Artikelnr.: 21996021

Inhaltsangabe

Preface and acknowledgements
Introduction
Part I. Market Microstructure and the Intermediation Theory of the Firm: 1. Market microstructure and intermediation
2. Price setting and intermediation by firms 3. Competition Part II. Competition and Market Equilibrium: 3. Competition between intermediaries
4. Intermediation and general equilibrium
Part III. Intermediation Versus Decentralized Trade: 5. Matching and intermediation by firms
6. Search and intermediation by firms
Part IV. Intermediation under Asymmetric Information: 7. Adverse selection in product markets
8. Adverse selection in financial markets
Part V. Intermediation and Transaction Costs: 9. Transaction costs and the contractual theory for the firm
10. Transaction costs and the intermediation theory of the firm
Part VI. Intermediation and Agency: 11. Agency and the organizational-incentive theory of the firm
12. Agency and the intermediation theory of the firm
Conclusion.