{"product_id":"routledge-revivals-kyran-mcstay-9781138574922","title":"Routledge Revivals: The Efficiency of New Issue Markets (1992)","description":"\u003cp\u003eFirst published in 1992, \u003ci\u003eThe Efficiency of New Issue Markets\u003c\/i\u003e provides a comprehensive overview of under-pricing and through this assess the efficiency of new issue markets. The book provides a further theoretical development of the adverse selection model of the new issue market and addresses the hypothesis that the method of distribution of new issues has an important bearing on the efficiency of these markets. In doing this, the book tests the efficiency of the Offer for Sale new issue market, which demonstrates the validity of the adverse selection model and contradicts the monopsony power hypothesis. This examines the relative efficiency of the new issue markets which demonstrates the importance of distribution in determining relative efficiency. \u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e Kyran McStay\u003cbr\u003e\u003cb\u003eISBN-10:\u003c\/b\u003e 1138574929\u003cbr\u003e\u003cb\u003eISBN-13:\u003c\/b\u003e 9781138574922\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Routledge\u003cbr\u003e\u003cb\u003eLanguage:\u003c\/b\u003e English\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 10\/31\/2019\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 144\u003cbr\u003e\u003cb\u003eFormat:\u003c\/b\u003e Paperback\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 0.45lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 9.20h x 6.20w x 0.40d","brand":"Kyran McStay","offers":[{"title":"Paperback","offer_id":47930746700031,"sku":"9781138574922","price":8.99,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0662\/2982\/9887\/files\/img_85eacafd-cd82-4680-8fd2-476535cb9f2b.jpg?v=1766343984","url":"https:\/\/www.whiterainbookhouse.com\/products\/routledge-revivals-kyran-mcstay-9781138574922","provider":"WR Book House","version":"1.0","type":"link"}