£42.00

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

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£42.00 £37.59 £38.55 £39.51 £40.48 £41.44 £42.40 10 February 2026 04 March 2026 27 March 2026 18 April 2026 11 May 2026

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Price levels: 3 different prices over 91 days

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

Format
paperback
Domain
Amazon UK
Release Date
12 January 2008
Listed Since
04 January 2007

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No barcode data available

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