{"product_id":"market-microstructure-theory-isbn-9780631207610","title":"Market Microstructure Theory","description":"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. \u003cp\u003eAbout the Author v\u003c\/p\u003e \u003cp\u003eForeword ix\u003c\/p\u003e \u003cp\u003e1. Markets and Market-Making 1\u003c\/p\u003e \u003cp\u003e2. Inventory Models 15\u003c\/p\u003e \u003cp\u003e3. Information-Based Models 53\u003c\/p\u003e \u003cp\u003e4. Strategic Trader Models I: Informed Traders 89\u003c\/p\u003e \u003cp\u003e5. Strategic Trader Models II: Uninformed Traders 129\u003c\/p\u003e \u003cp\u003e6. Information and the Price Process 153\u003c\/p\u003e \u003cp\u003e7. Market Viability and Stability 179\u003c\/p\u003e \u003cp\u003e8. Liquidity and the Relationships between Markets 215\u003c\/p\u003e \u003cp\u003e9. Issues in Market Performance 251\u003c\/p\u003e \u003cp\u003eReferences 273\u003c\/p\u003e \u003cp\u003eIndex 283\u003c\/p\u003e \u003cb\u003eMaureen O'Hara\u003c\/b\u003e is the Robert W. Purcell Professor of Finance at the Johnson Graduate School of Management at Cornell University. She holds a Ph. D. in Finance from North-western University. Professor O'Hara has also taught at the London Business School and the University of California at Los Angeles. She received the Young Scholar Recognition Award from the American Association of University Women in 1986. She is a director of both the American Finance Association and the Western Finance Association. Professor O'Hara is the co-editor of the \u003ci\u003eJournal of Financial Intermediation\u003c\/i\u003e and is an associate editor at numerous finance journals.  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. \u003cp\u003eAfter an introduction to the general issues and problems in market microstructure, the book examines the main theoretical models developed to address inventory-based issues. There is then an extensive examination and discussion of the information-based models, with particular attention paid to the linkage with rational expectations model and learning models. The concluding chapters are concerned with price dynamics and with applications of the various models to specific microstructure problems including:\u003c\/p\u003e \u003cp\u003e\u003cbr\u003e \u003c\/p\u003e \u003cul\u003e \u003cli\u003eLiquidity.\u003cbr\u003e \u003c\/li\u003e \u003cli\u003eMulti-market trading.\u003cbr\u003e \u003c\/li\u003e \u003cli\u003eMarket structure.\u003cbr\u003e \u003c\/li\u003e \u003cli\u003eMarket Design \u003ci\u003eMarket Microstructure Theory\u003c\/i\u003e includes extensive appendices developing Bayesian learning and the rational expectations framework.\u003c\/li\u003e \u003cli style=\"list-style: none\"\u003e\n\u003cbr\u003e \u003c\/li\u003e \u003c\/ul\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47989573877989,"sku":"NP9780631207610","price":43.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9780631207610.jpg?v=1761784654","url":"https:\/\/k12savings.com\/products\/market-microstructure-theory-isbn-9780631207610","provider":"K12savings","version":"1.0","type":"link"}