Neoclassical Price Theory, Institutions, and the Evolution of Securities Market Organisation
Bibliographic Data
| ID | 9708067 |
|---|---|
| Authors | J A Kregel, Jan Kregel (University of Bologna, corresponding author) |
| Year | 1995 |
| Volume | 105 |
| Issue | 429 |
| Pages | 459 |
| Publication date | 1995-03-01 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | The Economic Journal (JOURNAL) |
| Journal identifiers | ISSN: 0013-0133 • E-ISSN: 1468-0297 |
| Publisher | Oxford University Press (OUP) (PUBLISHER) |
| DOI | 10.2307/2235504 |
| OpenAlex | W2027467847 |
| Language | EN |
| Citations received | 3 |
| References cited | 1 |
Despite differences in their price theories both Marshall and Walras explicitly patterned their analyses on an existing institution, the stock exchange. Analysis from this point of view notes that the dissimilarity may be explained by the diverse organisation of their respective national stock markets. It also exposes similarity in their treatment of time and information. This analysis is then used to answer the question of whether there is a natural evolution towards an optimal market organisation by reference to the historical evolution of the New York and London stock markets
Economics · Financial economics · Geography · Institution · Market maker · Point (geometry · Political science · Similarity (geometry · Stock (firearms · Stock exchange · Stock market · Complex Systems and Time Series Analysis · Computer Science · Economic theories and models · Economic Theory and Institutions · Finance · Law
| Unique citing works | 3 |
|---|---|
| Citations per year | 0,11 |
| Citation span | 1999 - 2014 (16) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 3 |