This book addresses two closely related questions: 'why do firms exist?' and 'how do markets work?' Professor Spulber presents a theory of the firm based on various models of intermediation. The intermediation framework is compared with other analyses of the firm: neoclassical, industrial organization, transaction cost, and principal-agent.
Die Inhaltsangabe kann sich auf eine andere Ausgabe dieses Titels beziehen.
"Market Microstructure provides a rich new theoretical analysis of the role of firms in markets. It argues convincingly that by acting as intermediaries, firms can alleviate the problems of adverse selection, moral hazard, and high search costs, and can encourage valuable investment. Using elegantly simple models, this book offers deep new insights into why firms emerge and how markets function." Paul Milgrom, Stanford University
"Dan Spulber has been among the foremost contributors to the recent research on the role of firms as intermediaries (i.e., as middlemen). Different researchers have focused on differing roles for the firm, including reducing costs due to asymmetric information, search and matching, adverse selection, transactions costs, and agency. His new book provides a clear presentation of these developments that is outstanding for its breadth and depth, and for the order and organization he brings to a challenging topic." James Friedman, University of North Carolina, Chapel Hill
"Spulber's book provides an innovative and comprehensive look at two important issues--the formation and boundaries of firms and the microstructure of markets. This book does an excellent job of combining different models in a unified approach to studying firms and markets. I believe it will be an excellent text for students of this subject. " Chaim Fershtman, Tel Aviv University
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.
„Über diesen Titel“ kann sich auf eine andere Ausgabe dieses Titels beziehen.
Versand:
EUR 18,02
Von Vereinigtes Königreich nach USA
Versand:
EUR 11,99
Von Vereinigtes Königreich nach USA
Anbieter: Ria Christie Collections, Uxbridge, Vereinigtes Königreich
Zustand: NEW. PRINT ON DEMAND Book; New; Fast Shipping from the UK. No. book. Bestandsnummer des Verkäufers ria9780521650250_lsuk
Anzahl: Mehr als 20 verfügbar
Anbieter: GreatBookPrices, Columbia, MD, USA
Zustand: New. Bestandsnummer des Verkäufers 701083-n
Anzahl: 5 verfügbar
Anbieter: GreatBookPricesUK, Castle Donington, DERBY, Vereinigtes Königreich
Zustand: New. Bestandsnummer des Verkäufers 701083-n
Anzahl: 5 verfügbar
Anbieter: THE SAINT BOOKSTORE, Southport, Vereinigtes Königreich
Hardback. Zustand: New. This item is printed on demand. New copy - Usually dispatched within 5-9 working days. Bestandsnummer des Verkäufers C9780521650250
Anzahl: Mehr als 20 verfügbar
Anbieter: Lucky's Textbooks, Dallas, TX, USA
Zustand: New. Bestandsnummer des Verkäufers ABLIING23Feb2416190010913
Anzahl: Mehr als 20 verfügbar
Anbieter: Brook Bookstore On Demand, Napoli, NA, Italien
Zustand: new. Questo è un articolo print on demand. Bestandsnummer des Verkäufers 3f98dad9a54ca6267b54890fda8e2ad8
Anzahl: Mehr als 20 verfügbar
Anbieter: Revaluation Books, Exeter, Vereinigtes Königreich
Hardcover. Zustand: NEW. 374 pages. 9.50x6.50x1.00 inches. In Stock. Bestandsnummer des Verkäufers x-0521650259
Anzahl: 2 verfügbar
Anbieter: Biblios, Frankfurt am main, HESSE, Deutschland
Zustand: New. Bestandsnummer des Verkäufers 18395481
Anzahl: 3 verfügbar
Anbieter: Best Price, Torrance, CA, USA
Zustand: New. New. Bestandsnummer des Verkäufers 9780521650250
Anzahl: 1 verfügbar
Anbieter: moluna, Greven, Deutschland
Gebunden. Zustand: New. Dieser Artikel ist ein Print on Demand Artikel und wird nach Ihrer Bestellung fuer Sie gedruckt. This book addresses two closely related questions: why do firms exist? and how do markets work? Professor Spulber presents a theory of the firm based on various models of intermediation. The intermediation framework is compared with other analyses of th. Bestandsnummer des Verkäufers 446943766
Anzahl: Mehr als 20 verfügbar