Intermediaries and the Theory of the Firm
By (author) Daniel F. Spulber
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Market Microstructure by Daniel F. Spulber
Book DescriptionThis 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.
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Book DetailsISBN: 9780521650250
(228mm x 152mm x 27mm)
Imprint: Cambridge University Press
Publisher: Cambridge University Press
Publish Date: 13-Apr-1999
Country of Publication: United Kingdom
Books By Author Daniel F. Spulber
Innovative Entrepreneur, Paperback (June 2014)
This book presents an economic framework that addresses the motivation of the innovative entrepreneur.
Global Competitive Strategy, Paperback (June 2011)
Originally published in 2007, Global Competitive Strategy is an indispensable strategic toolkit for international business.
Networks in Telecommunications, Paperback (June 2009)
Networks in Telecommunications presents an integrated analysis of the economics and law of communications networks.
Theory of the Firm, Hardback (April 2009)» View all books by Daniel F. Spulber
The Theory of the Firm presents an innovative general analysis of the economics of the firm.
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