TY  - BOOK
AU  - Vives,Xavier
TI  - Information and learning in markets: the impact of market microstructure 
SN  - 9780691145969
U1  - 332.642 
PY  - 2008///
CY  - Princeton
PB  - Princeton University Press
KW  - Stock exchanges
N2  - 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
ER  -