Markets

Peter Dorman

Chapter 7 in Microeconomics, 2014, pp 125-147 from Springer

Abstract: Abstract There is a tendency among economists to refer to “the market” as if it were like a clock. You can find all sorts of clocks, running on different kinds of power, analog or digital, mounted on walls or on your wrist, with different numbering styles and decorations, but in the end they are all just clocks. They tell you what time it is on a 12 or 24 h cycle. If you need this basic information, any clock will do.

Keywords: Interest Rate; Real Estate; Asymmetric Information; Equilibrium Price; Efficient Market (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sptchp:978-3-642-37434-0_7

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DOI: 10.1007/978-3-642-37434-0_7

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