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Market Microstructure Theory

Maureen O'Hara (Author)

9780631207610, Wiley

Paperback / softback, published 19 November 1997

304 pages
22.9 x 15.2 x 1.6 cm, 0.386 kg

Written by one of the leading authorities in market microstructure research, this book provides a comprehensive guide to the theoretical work in this important area of finance.

About the Author v

Foreword ix

1. Markets and Market-Making 1

2. Inventory Models 15

3. Information-Based Models 53

4. Strategic Trader Models I: Informed Traders 89

5. Strategic Trader Models II: Uninformed Traders 129

6. Information and the Price Process 153

7. Market Viability and Stability 179

8. Liquidity and the Relationships between Markets 215

9. Issues in Market Performance 251

References 273

Index 283

Subject Areas: Finance & accounting [KF]

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