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Cambridge University Press Market Microstructure: Intermediaries and the Theory of the Firm

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£119.00 £99.96 £104.11 £108.27 £112.42 £116.58 £120.73 01 August 2026 19 August 2026 06 September 2026 24 September 2026 13 October 2026
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Description

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.

Product Specifications

Colour
Red
Format
hardcover
Domain
Amazon UK
Release Date
13 April 1999
Listed Since
02 February 2007

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