The core of this blog consists of models of price formation that emphasize the role of transaction costs in financial markets. This chapter discusses the relationship between transaction costs and asset prices. The crucial question is whether transaction costs affect the price of the financial assets. Clearly, transaction costs are a measure of the degree [...]
Archive for the ‘finances’ Category
Free credit resources for investors are out there
Many inventors overlook free or nearly free resources that are right under their noses: nearby schools and universities. Schools have marketing and business departments and they are constantly on the lookout for projects in which to involve the students. The marketing department of a nearby university can be an extremely valuable yet inexpensive resource for [...]