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Information and Learning in Markets: The Impact of Market Microstructure
Paperback / softback
Main Details
Title |
Information and Learning in Markets: The Impact of Market Microstructure
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Authors and Contributors |
By (author) Xavier Vives
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Physical Properties |
Format:Paperback / softback | Pages:424 | Dimensions(mm): Height 229,Width 152 |
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Category/Genre | Economics |
ISBN/Barcode |
9780691145969
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Classifications | Dewey:332.642 |
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Audience | Professional & Vocational | Tertiary Education (US: College) | |
Illustrations |
25 line illus.
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Publishing Details |
Publisher |
Princeton University Press
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Imprint |
Princeton University Press
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Publication Date |
14 February 2010 |
Publication Country |
United States
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Description
The ways financial analysts, traders, and other specialists use information and learn from each other are of fundamental importance to understanding how markets work and prices are set. This book analyzes how markets aggregate information and examines the impacts of market arrangements on the aggregation process and overall performance of markets.
Author Biography
Xavier Vives is professor of economics and finance at IESE Business School in Barcelona. He is the author of "Oligopoly Pricing: Old Ideas and New Tools".
Reviews"[R]eading Professor Vives's prose was a joy. His explanations for why various results obtain are clear and the flow from model to model is natural. Results in later chapters are frequently related to results in earlier chapters, tying the whole book together... [I]t is an excellent reference."--Lawrence R. Glosten, Journal of Economic Literature "Written in a simple and easy to understand language and providing an intuitive analysis of sophisticated models, this work can be a valuable reference for graduate courses in financial economics and microeconomics. Also, being thought-provoking, I find this book to be excellent reading material for researchers who work in both the asset pricing and market microstructure areas."--Leon Zolotoy, Economic Record
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