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.
Parts of this chapter draw on Koppl (1996) and Koppl and Yeager (1996).
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© 2002 Roger Koppl
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Koppl, R. (2002). Big Players. In: Big Players and the Economic Theory of Expectations. Palgrave Macmillan, London. https://doi.org/10.1057/9780230629240_7
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DOI: https://doi.org/10.1057/9780230629240_7
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-39968-0
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