Big Players
Roger Koppl
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Roger Koppl: Fairleigh Dickinson University
Chapter 7 in Big Players and the Economic Theory of Expectations, 2002, pp 120-138 from Palgrave Macmillan
Abstract:
Abstract Big Players are privileged actors who disrupt markets. A Big Player has three defining characteristics. He is big in the sense that his actions influence the market under study. He is insensitive to the discipline of profit and loss. He is arbitrary in the sense that his actions are based on discretion rather than any set of rules. Big Players have power and use it.
Keywords: Central Bank; Asset Price; Market Participant; Reaction Function; Asset Market (search for similar items in EconPapers)
Date: 2002
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-62924-0_7
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DOI: 10.1057/9780230629240_7
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