Information and Learning in Markets : The Impact of Market Microstructure /

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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 graduate-level textbook analyzes how markets aggregate information and examines the impacts of specific marke...

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Bibliographic Details
Main Author: Vives, Xavier (Author)
Format: Electronic eBook
Language:Inglés
Published: Princeton : Princeton University Press, 2008.
Series:Book collections on Project MUSE.
Subjects:
Stock exchanges.
BUSINESS & ECONOMICS > Economics > Microeconomics.
BUSINESS & ECONOMICS > Investments & Securities > General.
Bourse.
Electronic books.
Online Access:Texto completo
Description
Summary: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 graduate-level textbook analyzes how markets aggregate information and examines the impacts of specific market arrangements--or microstructure--on the aggregation process and overall performance of financial markets. Xavier Vives bridges the gap between the two primary views of markets--informational efficiency and herding--and uses a coherent game-theoretic framework to bring together the latest results f.
Physical Description:1 online resource (424 pages): illustrations
ISBN:9781400829507

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