Course Microeconomic Theory - Softcover

Kreps, David M

Softcover

ISBN 10: 0745007627 ISBN 13: 9780745007625

Publisher: Financial Times/ Prentice Hall, 1990

Synopsis

David kreps has developed a text in microeconomics that succeeds in being both

challenging and user-friendly. The book is designed for final-year undergraduate

and graduate students of microeconomics theory, with numerous problem sets and

exercises. The author uses a wide variety of markets for examples with a

concentration in industrial economics. He provides a very broad coverage of

traditional and modern approaches to microeconomic theory, with a careful

progression from the traditional approach to modern developments.

About this title

From the Back Cover

David kreps has developed a text in microeconomics that succeeds in being both

challenging and user-friendly. The book is designed for final-year undergraduate

and graduate students of microeconomics theory, with numerous problem sets and

exercises. The author uses a wide variety of markets for examples with a

concentration in industrial economics. He provides a very broad coverage of

traditional and modern approaches to microeconomic theory, with a careful

progression from the traditional approach to modern developments.

 

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 equilibruim approaches are blended, so that the student sees

the approaches not as completely different from each other but as points along a

continuum. The book then turns to more modern developments. The reader is first

introduced to noncooperative game theory and is 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, with

application to entry deterrence, implicit collusion, and reputation for quality.

Information economics is explored next: moral hazard and incentives, adverse

selection and market signalling and mechanism design. The work closes with a

discussion of firms as organizations', giving the reader a taste of

transaction-cost economics.

 

DAVID KREPS is the Paul E Holden Professor of Economics,

Stanford University.

Edition details

• Publisher: Financial Times/ Prentice Hall
• Publication date: 1990
• Language: English
• ISBN 10: 0745007627
• ISBN 13: 9780745007625
• Binding: Paperback
• Edition number: 1
• Number of pages: 864