Market Microstructure: Intermediaries and the Theory of the Firm

by Daniel F. Spulber

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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...

Format:Paperback

Language:English

ISBN:0521659787

ISBN13:9780521659789

Release Date:April 1999

Publisher:Cambridge University Press

Length:408 Pages

Weight:1.45 lbs.

Dimensions:0.8" x 6.0" x 9.0"

Related Subjects

Business Business & Investing

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Market Microstructure: Intermediaries and the Theory of the Firm

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