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Big Players

In: Big Players and the Economic Theory of Expectations

Author

Listed:
  • Roger Koppl

    (Fairleigh Dickinson University)

Abstract

Big Players are privileged actors who disrupt markets. A Big Player has three defining characteristics. He is big in the sense that his actions influence the market under study. He is insensitive to the discipline of profit and loss. He is arbitrary in the sense that his actions are based on discretion rather than any set of rules. Big Players have power and use it.

Suggested Citation

  • Roger Koppl, 2002. "Big Players," Palgrave Macmillan Books, in: Big Players and the Economic Theory of Expectations, chapter 7, pages 120-138, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-62924-0_7
    DOI: 10.1057/9780230629240_7
    as

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