Information and learning in markets: the impact of market microstructure / by Xavier Vives.
Material type: TextPublication details: Princeton : Princeton University Press, ©2008.Description: xii, 406 pages : illustrations ; 25 cmISBN:- 9780691145969
- 332.642 VIV
Item type | Current library | Call number | Status | Date due | Barcode | |
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Reference | Indian Institute of Management Visakhapatnam | 332.642 VIV (Browse shelf(Opens below)) | Available | 000596 |
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.
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