ERIC Number: EJ294016
Record Type: Journal
Publication Date: 1984
Reference Count: N/A
The Social Structure of a National Securities Market.
Baker, Wayne E.
American Journal of Sociology, v89 n4 p775-811 Jan 1984
Behavior by traders in the stock options market is not governed strictly by economic criteria. Trading among participants exhibited distinct social structural patterns that dramatically affected the direction and magnitude of price changes. Findings are discussed in relationship to microeconomic theory, and implications for public policy are presented. (Author/IS)
Publication Type: Reports - Research; Journal Articles
Education Level: N/A
Authoring Institution: N/A