Join our mailing list!
(Your shopping cart is empty)
Diane Publishing Books
Financial Market Frictions: A Reprint from the “Economic Review”
Ramon P. DeGennaro (au); Cesare Robotti (au)
Defined as anything that interferes with trade, financial market frictions (FMF) can exist even in efficient markets. FMF generate real costs to investors, generate business opportunities, & change over time. FMF depend in part on market structure. Market structure tends to evolve over time, as trading volume increases, from low fixed costs & high marginal costs to high fixed costs & low marginal costs. The authors classify & discuss 5 categories of FMF: transactions costs, taxes & regulations, asset indivisibility, non-traded assets, & agency & info. problems. FMF impose utility costs on investors by making preferable investment portfolios unattainable. Investors who ignore market FMF compound the harm done by the FMF themselves. Illustrations.
Embracing Defeat: Japan in the Wake of World War II
Sale Price: $15.00
Creole Flavors: Recipes for Marinades, Rubs, Sauces, & Spices
In the Combat Zone: Special Forces Since 1945
Trading Spaces: Behind the Scenes
Share your knowledge of this product with other customers...
Be the first to write a review
Diane Publishing Co
PO Box 617
Darby, PA 19023-0617
Become an Affiliate
Send Us Feedback
Copyright ï¿½ 2004 Diane Publishing Company. All Rights Reserved.