Models in Microeconomic Theory: 'He' Edition

Osborne, Martin J; Rubinstein, Ariel

ISBN 10: 1805111248 / ISBN 13: 9781805111245

Edité par Open Book Publishers, 2023

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Unread book in perfect condition. N° de réf. du vendeur 46073816

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Titre : Models in Microeconomic Theory: 'He' Edition

Éditeur : Open Book Publishers

Date d'édition : 2023

Reliure : Couverture souple

Etat : As New

Edition : 2ème Édition

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Synopsis :

Models in Microeconomic Theory covers basic models in current microeconomic theory. Part I (Chapters 1-7) presents models of an economic agent, discussing abstract models of preferences, choice, and decision making under uncertainty, before turning to models of the consumer, the producer, and monopoly. Part II (Chapters 8-14) introduces the concept of equilibrium, beginning, unconventionally, with the models of the jungle and an economy with indivisible goods, and continuing with models of an exchange economy, equilibrium with rational expectations, and an economy with asymmetric information. Part III (Chapters 15-16) provides an introduction to game theory, covering strategic and extensive games and the concepts of Nash equilibrium and subgame perfect equilibrium. Part IV (Chapters 17-20) gives a taste of the topics of mechanism design, matching, the axiomatic analysis of economic systems, and social choice.

The book focuses on the concepts of model and equilibrium. It states models and results precisely, and provides proofs for all results. It uses only elementary mathematics (with almost no calculus), although many of the proofs involve sustained logical arguments. It includes about 150 exercises.

With its formal but accessible style, this textbook is designed for undergraduate students of microeconomics at intermediate and advanced levels.