A course in microeconomic theory /
David M. Kreps has developed a text in microeconomics that is both challenging and "user-friendly." The work is designed for the first-year graduate microeconomic theory course and is accessible to advanced undergraduates as well. Placing unusual emphasis on modern noncooperative game theo...
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| Author / Creator: | |
|---|---|
| Format: | eBook Electronic |
| Language: | English |
| Language notes: | In English. |
| Imprint: | Princeton, New Jersey : Princeton University Press, 2021. |
| Subjects: | |
| Online Access: | Click here for full text |
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| 100 | 1 | |a Kreps, David M., |e author. | |
| 245 | 1 | 2 | |a A course in microeconomic theory / |c David M. Kreps. |
| 264 | 1 | |a Princeton, New Jersey : |b Princeton University Press, |c 2021. | |
| 300 | |a 1 online resource (864 pages) : |b illustrations (black and white). | ||
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| 505 | 0 | |a Cover -- Title -- Copyright -- Dedication -- contents -- preface -- chapter one: An overview -- 1.1. The basic categories: Actors, behavior, institutions, and equilibrium -- 1.2. The purpose of microeconomic theory -- 1.3. Scope, detail, emphasis, and complexity -- 1.4. A précis of the plot -- part I: Individual and social choice -- chapter two: The theory of consumer choice and demand -- Prologue to part I -- 2.1. Preferences and choices -- 2.2. Marshallian demand without derivatives -- 2.3. Marshallian demand with derivatives -- 2.4. Aggregate demand -- 2.5. Bibliographic notes | |
| 505 | 8 | |a 2.6. Problems -- chapter three: Choice under uncertainty -- 3.1. Von Neumann-Morgenstern expected utility -- 3.2. On utility for money -- 3.3. Applications to market demand -- 3.4. States of nature and subjective probability -- 3.5. Problems with these models -- 3.6. Normative applications of the theory -- 3.7. Bibliographic notes -- 3.8. Problems -- chapter four: Dynamic choice -- 4.1. Optimal dynamic strategies -- 4.2. Menus and meals -- 4.3. Bibliographic notes and discussion -- 4.4. Problems -- chapter five: Social choice and efficiency -- 5.1. The problem | |
| 505 | 8 | |a 5.2. Pareto efficiency and optimality: Definitions -- 5.3. Benevolent social dictators and social welfare functionals -- 5.4. Characterizing efficient social outcomes -- 5.5. Social choice rules and Arrow's possibility theorem -- 5.6. Bibliographic notes -- 5.7. Problems -- part II: The price mechanism -- chapter six: Pure exchange and general equilibrium -- Prologue to part II -- 6.1. Pure exchange and price equilibrium -- 6.2. Why (not) believe in Walrasian equilibrium? -- 6.3. The efficiency of a general equilibrium -- 6.4. Existence and the number of equilibria | |
| 505 | 8 | |a 6.5. Time, uncertainty, and general equilibrium -- 6.6. Bibliographic notes -- 6.7. Problems -- chapter seven: The neoclassical firm -- 7.1. Models of the firm's technological capabilities -- 7.2. The profit function -- 7.3. Conditional factor demands and cost functions -- 7.4. From profit or cost functions to technology sets -- 7.5. Cost functions and -runs -- 7.6. Bibliographic notes -- 7.7. Problems -- chapter eight: The competitive firm and perfect competition -- 8.1. A perfectly competitive market -- 8.2. Perfect competition and -runs -- 8.3. What's wrong with partial equilibrium analysis? | |
| 505 | 8 | |a 8.4. General equilibrium with firms -- 8.5. Bibliographic notes -- 8.6. Problems -- chapter nine: Monopoly -- 9.1. The standard theory -- 9.2. Maintaining monopoly -- 9.3. Multigood monopoly -- 9.4. Nonlinear pricing -- 9.5. Monopoly power? -- 9.6. Bibliographic notes -- 9.7. Problems -- chapter ten: Imperfect competition -- 10.1. The classic models of duopoly -- 10.2. Bibliographic notes and discussion -- 10.3. Problems -- part III: Noncooperative game theory -- chapter eleven: Modeling competitive situations -- Prologue to part III -- 11.1. Games in extensive form: An example | |
| 520 | |a David M. Kreps has developed a text in microeconomics that is both challenging and "user-friendly." The work is designed for the first-year graduate microeconomic theory course and is accessible to advanced undergraduates as well. Placing unusual emphasis on modern noncooperative game theory, it provides the student and instructor with a unified treatment of modern microeconomic theory--one that stresses the behavior of the individual actor (consumer or firm) in various institutional settings. The author has taken special pains to explore the fundamental assumptions of the theories and techniques studied, pointing out both strengths and weaknesses. The book begins with an exposition of the standard models of choice and the market, with extra attention paid to choice under uncertainty and dynamic choice. General and partial equilibrium approaches are blended, so that the student sees these approaches as points along a continuum. The work then turns to more modern developments. Readers are introduced to noncooperative game theory and shown how to model games and determine solution concepts. Models with incomplete information, the folk theorem and reputation, and bilateral bargaining are covered in depth. Information economics is explored next. A closing discussion concerns firms as organizations and gives readers a taste of transaction-cost economics | ||
| 504 | |a Includes bibliographical references and index. | ||
| 546 | |a In English. | ||
| 650 | 0 | |a Microeconomics. | |
| 650 | 6 | |a Microéconomie. | |
| 650 | 7 | |a BUSINESS & ECONOMICS |x Economics |x General. |2 bisacsh | |
| 650 | 7 | |a Microeconomics |2 fast | |
| 776 | 0 | 8 | |i Print version: |a Kreps, David M. |t A Course in Microeconomic Theory. |d Princeton : Princeton University Press, ©1990 |
| 856 | 4 | 0 | |z Click here for full text |u https://ezproxy.wellesley.edu/login?url=https://www.jstor.org/stable/10.2307/j.ctv12fw7z7 |
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