Information and learning in markets : the impact of market microstructure / Xavier Vives.
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...
Saved in:
| Online Access: |
Full Text (via ProQuest) |
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| Main Author: | |
| Format: | eBook |
| Language: | English |
| Published: |
Princeton :
Princeton University Press,
©2008.
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| Subjects: |
| 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. |
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| Physical Description: | 1 online resource (xii, 406 pages) : illustrations. |
| Bibliography: | Includes bibliographical references and index. |
| ISBN: | 9781400829507 140082950X 128245840X 9781282458406 |