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Market Microstructure

By: Illinois) Spulber Daniel F. (Northwestern University (Author)

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Ksh 9,100.00

Format: Paperback or Softback

ISBN-13: 9780521659789

Publisher: Cambridge University Press

Publication Date: Apr 13th, 1999

Weight: 610 grams

Dimension: 23.10 x 20.30 x 3.10 cms

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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.

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