The Economics of Imperfect Markets: The Effects of Market Imperfections on Economic Decision-Making by Giorgio CalcagniniThe Economics of Imperfect Markets: The Effects of Market Imperfections on Economic Decision-Making by Giorgio Calcagnini

The Economics of Imperfect Markets: The Effects of Market Imperfections on Economic Decision-Making

byGiorgio CalcagniniEditorEnrico Saltari

Paperback | June 13, 2012

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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 subject, provides new insights on how these imperfections affect the outcomes of real-world markets.
Title:The Economics of Imperfect Markets: The Effects of Market Imperfections on Economic Decision-MakingFormat:PaperbackDimensions:234 pages, 23.5 × 15.5 × 0.02 inPublished:June 13, 2012Publisher:Springer-Verlag/Sci-Tech/TradeLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:3790828084

ISBN - 13:9783790828085

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Table of Contents

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 Japanes Small Firms and Main Banks.- Credit Rationing and Asset Value.- Financial Development and Long-Run Growth: Is the Cross-Sectional Evidence Robust?- 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' Decicion-Making: Evidence from Net Entry, Industry Structure and Investment Dynamics.- Investment and Trade Patterns in a Sticky-Price, Open-Economy Model.- Anticompetitive Effects of the Antitrust Policy.