Micro markets: a market structure approach to microeconomic analysis
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
Hoboken, NJ [u.a.]
Wiley
2010
|
| Schriftenreihe: | Wiley finance series
|
| Schlagworte: | |
| Online-Zugang: | Inhaltsverzeichnis |
| Beschreibung: | Includes index |
| Beschreibung: | XIX, 444 S. graph. Darst. |
| ISBN: | 9780470447659 |
Internformat
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Datensatz im Suchindex
| _version_ | 1804143144535588864 |
|---|---|
| adam_text | Titel: Micro markets
Autor: Schwartz, Robert A.
Jahr: 2010
Contents
Preface xi
Overview of the Book xiv
Related Publications xvii
Acknowledgments xix
CHAPTER 1
Introduction to Market-Driven Economics 1
Theory and Reality 2
Primary and Secondary Markets 3
Frictionless versus Nonfrictionless Markets 5
How Well Do Markets Function? 6
A Market Is an Ecology 10
Basic Microeconomic Concepts 11
Frictionless Markets, the Gulf Stream, and a Day at the Races 20
Chapter Summary 21
Questions to Think About 23
TraderEx Simulation: Let s Look at a Market 24
CHAPTER 2
The Consumer Choice Model: What Would You
Really Uke to Do? 27
The Consumer Choice Model and the X, YTrade-Off 28
The Consumer Choice Model and the Current Consumption,
Future Consumption Trade-Off 35
The Consumer Choice Model and the Risk-Return Trade-Off 43
Comparative Statics 64
Chapter Summary 73
Let s Consider an Application: Philanthropy 76
VÝÝ
Vill__________________________________________________________________CONTENTS
TraderEx Simulation: What Are Your Attitudes
Toward Risk? 78
CHAPTHÝ3
Demand Meets Supply 81
Should Have, Would Have, and Did: The Decisions of a
Representative Consumer 82
The Demand Curve for X 84
The Sensitivity of the Demand for X to the Price of X, the Price
of Y, and Income 86
From Individual Demand Curves to Market Demand Curves 96
The Demand to Hold Shares of a Risky Asset 99
The Investor s Demand Curve for the Risky Asset 100
Equilibrium in the Market for X 102
Equilibrium in the Market for Shares of the Risky Asset 109
Market Equilibrium 112
Stocks, Cakes, and Substitutability 116
Chapter Summary 122
Let s Consider an Application: Bandwagon and
Snob Effects 124
TraderEx Simulation: Call Market Trading 127
CHAPTHÝ4
Microeconomic Analysis Goes to Market 131
Short-Run Demand and Supply for Product X 133
Adjustment Costs 136
Liquidity 142
Market Structure 148
The Gains from Trading 164
Strategic Order Placement 170
The Big Picture 176
Chapter Summary 178
Let s Consider an Application: Why Bid-Ask Spreads Exist in
Securities Markets 180
TraderEx Simulation: What Are Your Attitudes Toward
Trading Costs? 184
CHAPTB15
Supply and Oie Costs of Production 187
The Production Function for X 188
Contents________________________________________________________ix
Cost Curves 193
Determining the Best Profit Output 206
Supply 208
Application to a Dealer Firm 215
From General Principles to the Details of a Specific Market 230
Chapter Summary 231
Let s Consider an Application: The Optimal Schooling
Behavior of Fish 234
TraderEx Simulation: What Is It Like to Be a
Securities Dealer? 237
CHAPTER G
Sources and Nature of Competition 241
Perfect Competition 242
Monopoly 249
Imperfect Competition: Monopolistic Competition 260
Imperfect Competition: Oligopoly 263
How Competition Plays Out in the Equity Markets 270
Importance of Price as a Competitive Variable 281
Chapter Summary 282
Let s Consider an Application: Why Firms Extend
Trade Credit 287
TraderEx Simulation: Intermarket Competition in the
Exchange Space 289
CHAPTHÝ7
Market Efficiency 283
Allocation Efficiency 295
Market Failure 298
Information and Expectations 305
Info about Information 307
Four Dimensions of Informational Efficiency 311
A Test of Market Efficiency 322
Price Discovery Efficiency 325
The Big Picture on Financial Market Efficiency 330
Markets at Risk: The Financial Turmoil of 2007-2009 333
The Greater Generality of the Frictions Problem 341
Chapter Summary 343
Let s Consider an Application: How Are Equilibrium Prices
Discovered in a Competitive Market? 347
TraderEx Simulation: Finding an Equilibrium Value 351
CONTENTS
CHAPTER 8
Public Policy and the Interplay between Competition,
Technology, and Regulation 353
Governance Structure and Self-Regulation 355
Technology, Automation, and the NASDAQ Stock Market 360
The Evolving Regulatory Focus 368
Governmental Regulatory Intervention 373
Regulation of the U.S. Equity Markets 375
Caveats for Public Policy 397
Chapter Summary 401
Questions to Think About 406
TraderEx Simulation: Economic Effects of an Order Protection
Rule 410
Glossary 413
About the Author 429
Index 431
|
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| institution | BVB |
| isbn | 9780470447659 |
| language | English |
| lccn | 2009042659 |
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| physical | XIX, 444 S. graph. Darst. |
| publishDate | 2010 |
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| publishDateSort | 2010 |
| publisher | Wiley |
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| spelling | Schwartz, Robert A. 1937- Verfasser (DE-588)130364770 aut Micro markets a market structure approach to microeconomic analysis Robert A. Schwartz Hoboken, NJ [u.a.] Wiley 2010 XIX, 444 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Wiley finance series Includes index Stock exchanges Microeconomics Mikroökonomie (DE-588)4039225-9 gnd rswk-swf Internationaler Kapitalmarkt (DE-588)4027402-0 gnd rswk-swf Internationaler Kapitalmarkt (DE-588)4027402-0 s Mikroökonomie (DE-588)4039225-9 s 1\p DE-604 HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=020486874&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis 1\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk |
| spellingShingle | Schwartz, Robert A. 1937- Micro markets a market structure approach to microeconomic analysis Stock exchanges Microeconomics Mikroökonomie (DE-588)4039225-9 gnd Internationaler Kapitalmarkt (DE-588)4027402-0 gnd |
| subject_GND | (DE-588)4039225-9 (DE-588)4027402-0 |
| title | Micro markets a market structure approach to microeconomic analysis |
| title_auth | Micro markets a market structure approach to microeconomic analysis |
| title_exact_search | Micro markets a market structure approach to microeconomic analysis |
| title_full | Micro markets a market structure approach to microeconomic analysis Robert A. Schwartz |
| title_fullStr | Micro markets a market structure approach to microeconomic analysis Robert A. Schwartz |
| title_full_unstemmed | Micro markets a market structure approach to microeconomic analysis Robert A. Schwartz |
| title_short | Micro markets |
| title_sort | micro markets a market structure approach to microeconomic analysis |
| title_sub | a market structure approach to microeconomic analysis |
| topic | Stock exchanges Microeconomics Mikroökonomie (DE-588)4039225-9 gnd Internationaler Kapitalmarkt (DE-588)4027402-0 gnd |
| topic_facet | Stock exchanges Microeconomics Mikroökonomie Internationaler Kapitalmarkt |
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