The Economics of Imperfect Markets [electronic resource] : The Effects of Market Imperfections on Economic Decision-Making /
Calcagnini, Giorgio.editor.
Saltari, Enrico.editor.
The real world is characterized by the presence of imperfections in goods, financial and labour markets. These imperfections have the potential to create links among those markets that differ in a relevant way from those outlined in the standard model. In financial markets, imperfections can alter the efficiency of the economy and thus cause unintended effects on goods and labour markets. Moreover, in the presence of market distortions, the interaction between policies and institutions becomes a critical aspect. This book, which brings together essays from distinguished scholars on this subjec
Description based upon print version of record.
The real world is characterized by the presence of imperfections in goods, financial and labour markets. These imperfections have the potential to create links among those markets that differ in a relevant way from those outlined in the standard model. In financial markets, imperfections can alter the efficiency of the economy and thus cause unintended effects on goods and labour markets. Moreover, in the presence of market distortions, the interaction between policies and institutions becomes a critical aspect. This book, which brings together essays from distinguished scholars on this subjec
Includes bibliographical references and index.
Imperfections in Financial Markets -- What Can Cash Shortfalls and Windfalls Tell Us About Finance Constraints? -- Non-Tobin's q in Tests for Financial Constraints to Investment -- Cash Holdings, Firm Value and the Role of Market Imperfections. A Cross Country Analysis -- Multiple Bank Relationships and the Main Bank System: Evidence from a Matched Sample of Japanese Small Firms and Main Banks -- The Role of Fixed Assets in Reducing Asymmetric Information -- Financial Development and Long-Run Growth: Cross-Sectional Evidence Revised -- Imperfections in Real Markets -- Investment, Productivity and Employment in the Italian Economy -- The Macroeconomics of Imperfect Capital Markets: Whither Saving-Investment Imbalances? -- The Effects of Uncertainty and Sunk Costs on Firms' Decision-Making: Evidence from Net Entry, Industry Structure and Investment Dynamics -- Investment and Trade Patterns in a Sticky-Price, Open-Economy Model -- The Anticompetitive Effects of the Antitrust Policy.
International economics.
Economic policy.
Political science.
International Economics.
Economic Policy.
Political Science.
Contributions to Economics