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Information and Learning in Markets: The Impact of Market Microstructure
Xavier Vives
€ 105.59
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Description for Information and Learning in Markets: The Impact of Market Microstructure
Paperback. 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. Num Pages: 424 pages, 25 line illus. BIC Classification: KCD. Category: (P) Professional & Vocational; (U) Tertiary Education (US: College). Dimension: 228 x 145 x 26. Weight in Grams: 554.
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 from the rational expectations and herding literatures. Vives emphasizes the consequences of market interaction and social learning for informational and ... Read more
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 from the rational expectations and herding literatures. Vives emphasizes the consequences of market interaction and social learning for informational and ... Read more
Product Details
Format
Paperback
Publication date
2010
Publisher
Princeton University Press
Number of pages
424
Condition
New
Number of Pages
424
Place of Publication
New Jersey, United States
ISBN
9780691145969
SKU
V9780691145969
Shipping Time
Usually ships in 7 to 11 working days
Ref
99-1
About Xavier Vives
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 for Information and Learning in Markets: The Impact of Market Microstructure
"[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 ... Read more
Lawrence R. Glosten, Journal of Economic Literature "Written in a simple and easy to ... Read more