Models In Microeconomic Theory

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Models in Microeconomic Theory

Martin J. Osborne,Ariel Rubinstein
Models in Microeconomic Theory Book PDF

Author : Martin J. Osborne,Ariel Rubinstein
Publisher : Open Book Publishers
Page : 382 pages
File Size : 52,6 Mb
Release : 2023-06-26
Category : Business & Economics
ISBN : 9781805111269

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Models in Microeconomic Theory by Martin J. Osborne,Ariel Rubinstein Pdf

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.

Models in Microeconomic Theory

Martin Osborne,Ariel Rubinstein
Models in Microeconomic Theory Book PDF

Author : Martin Osborne,Ariel Rubinstein
Publisher : Unknown
Page : 362 pages
File Size : 41,8 Mb
Release : 2020-03-18
Category : Business & Economics
ISBN : 1783748931

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Models in Microeconomic Theory by Martin Osborne,Ariel Rubinstein Pdf

The book focuses on the concepts of model and equilibrium. It states models and results precisely, and provides proofs for all results.

Models in Microeconomic Theory

Martin J. Osborne,Ariel Rubinstein
Models in Microeconomic Theory Book PDF

Author : Martin J. Osborne,Ariel Rubinstein
Publisher : Unknown
Page : 0 pages
File Size : 47,9 Mb
Release : 2023-06-26
Category : Electronic
ISBN : 1805111221

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Models in Microeconomic Theory by Martin J. Osborne,Ariel Rubinstein Pdf

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.

Models in Microeconomic Theory

Martin J. Osborne,Ariel Rubinstein
Models in Microeconomic Theory Book PDF

Author : Martin J. Osborne,Ariel Rubinstein
Publisher : Unknown
Page : 0 pages
File Size : 48,9 Mb
Release : 2023-06-26
Category : Electronic
ISBN : 1805111248

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Models in Microeconomic Theory by Martin J. Osborne,Ariel Rubinstein Pdf

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.

Model Building in Economics

Lawrence A. Boland
Model Building in Economics Book PDF

Author : Lawrence A. Boland
Publisher : Cambridge University Press
Page : 297 pages
File Size : 40,8 Mb
Release : 2014
Category : Econometric models
ISBN : 9781107032941

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Model Building in Economics by Lawrence A. Boland Pdf

Concern about the role and the limits of modeling has heightened after repeated questions were raised regarding the dependability and suitability of the models that were used in the run-up to the 2008 financial crash. In this book, Lawrence Boland provides an overview of the practices of and the problems faced by model builders to explain the nature of models, the modeling process, and the possibility for and nature of their testing. In a reflective manner, the author raises serious questions about the assumptions and judgments that model builders make in constructing models. In making his case, he examines the traditional microeconomics-macroeconomics separation with regard to how theoretical models are built and used and how they interact, paying particular attention to the use of equilibrium concepts in macroeconomic models and game theory and to the challenges involved in building empirical models, testing models, and using models to test theoretical explanations.

A Course in Microeconomic Theory

David M. Kreps
A Course in Microeconomic Theory Book PDF

Author : David M. Kreps
Publisher : Princeton University Press
Page : 870 pages
File Size : 46,8 Mb
Release : 2020-05-26
Category : Business & Economics
ISBN : 9780691202754

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A Course in Microeconomic Theory by David M. Kreps Pdf

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.

Microeconomic Theory and Computation

Michael R. Hammock,J. Wilson Mixon
Microeconomic Theory and Computation Book PDF

Author : Michael R. Hammock,J. Wilson Mixon
Publisher : Springer Science & Business Media
Page : 385 pages
File Size : 45,5 Mb
Release : 2013-11-30
Category : Business & Economics
ISBN : 9781461494171

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Microeconomic Theory and Computation by Michael R. Hammock,J. Wilson Mixon Pdf

Economists can use computer algebra systems to manipulate symbolic models, derive numerical computations, and analyze empirical relationships among variables. Maxima is an open-source multi-platform computer algebra system that rivals proprietary software. Maxima’s symbolic and computational capabilities enable economists and financial analysts to develop a deeper understanding of models by allowing them to explore the implications of differences in parameter values, providing numerical solutions to problems that would be otherwise intractable, and by providing graphical representations that can guide analysis. This book provides a step-by-step tutorial for using this program to examine the economic relationships that form the core of microeconomics in a way that complements traditional modeling techniques. Readers learn how to phrase the relevant analysis and how symbolic expressions, numerical computations, and graphical representations can be used to learn from microeconomic models. In particular, comparative statics analysis is facilitated. Little has been published on Maxima and its applications in economics and finance, and this volume will appeal to advanced undergraduates, graduate-level students studying microeconomics, academic researchers in economics and finance, economists, and financial analysts.

Microeconomic Theory

Larry Samuelson
Microeconomic Theory Book PDF

Author : Larry Samuelson
Publisher : Springer Science & Business Media
Page : 290 pages
File Size : 44,9 Mb
Release : 2012-12-06
Category : Business & Economics
ISBN : 9789400942196

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Microeconomic Theory by Larry Samuelson Pdf

It is often said that everyone understands precisely what is meant by the notion of probability-except those who have spent their lives studying the matter. Upon close scrutiny, the intuitively obvious idea of probability becomes quite elusive. Is it a subjective or objective concept? Are random variables simply improperly measured deterministic variables, or inherently random? What is meant by the phrase "other things held constant" that often appears in descriptions of probability? These questions involve fundamental philosophical and scientific issues, and promise to elude definitive answers for some time. The same type of difficulty arises when attempting to produce a volume on microeconomic theory. The obvious first question-what is microeconomic theory?--

Microeconomic Foundations II

David M. Kreps
Microeconomic Foundations II Book PDF

Author : David M. Kreps
Publisher : Princeton University Press
Page : 799 pages
File Size : 53,8 Mb
Release : 2023-01-03
Category : Business & Economics
ISBN : 9780691250137

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Microeconomic Foundations II by David M. Kreps Pdf

A cutting-edge introduction to key topics in modern economic theory for first-year graduate students in economics and related fields Volume II of Microeconomic Foundations introduces models and methods at the center of modern microeconomic theory. In this textbook, David Kreps, a leading economic theorist, emphasizes foundational material, concentrating on seminal work that provides perspective on how and why the theory developed. Because noncooperative game theory is the chief tool of modeling and analyzing microeconomic phenomena, the book stresses the applications of game theory to economics. And throughout, it underscores why theory is most useful when it supports rather than supplants economic intuition. Introduces first-year graduate students to the models and methods at the core of microeconomic theory today Covers an extensive range of topics, including the agency theory, market signaling, relational contracting, bilateral bargaining, auctions, matching markets, and mechanism design Stresses the use—and misuse—of theory in studying economic phenomena and shows why theory should support, not replace, economic intuition Includes extensive appendices reviewing the essential concepts of noncooperative game theory, with guidance about how it should and shouldn’t be used Features free online supplements, including chapter outlines and overviews, solutions to all the problems in the book, and more

Lecture Notes in Microeconomic Theory

Ariel Rubinstein
Lecture Notes in Microeconomic Theory Book PDF

Author : Ariel Rubinstein
Publisher : Princeton University Press
Page : 167 pages
File Size : 41,5 Mb
Release : 2012-03-04
Category : Business & Economics
ISBN : 9780691154138

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Lecture Notes in Microeconomic Theory by Ariel Rubinstein Pdf

Ariel Rubinstein's well-known lecture notes on microeconomics—now fully revised and expanded This book presents Ariel Rubinstein's lecture notes for the first part of his well-known graduate course in microeconomics. Developed during the fifteen years that Rubinstein taught the course at Tel Aviv University, Princeton University, and New York University, these notes provide a critical assessment of models of rational economic agents, and are an invaluable supplement to any primary textbook in microeconomic theory. In this fully revised and expanded second edition, Rubinstein retains the striking originality and deep simplicity that characterize his famously engaging style of teaching. He presents these lecture notes with a precision that gets to the core of the material, and he places special emphasis on the interpretation of key concepts. Rubinstein brings this concise book thoroughly up to date, covering topics like modern choice theory and including dozens of original new problems. Written by one of the world's most respected and provocative economic theorists, this second edition of Lecture Notes in Microeconomic Theory is essential reading for students, teachers, and research economists. Fully revised, expanded, and updated Retains the engaging style and method of Rubinstein's well-known lectures Covers topics like modern choice theory Features numerous original new problems—including 21 new review problems Solutions manual (available only to teachers) can be found at: http://gametheory.tau.ac.il/microTheory/.

Microeconomic Theory and Computation

Michael R. Hammock,J. Wilson Mixon.Jr.
Microeconomic Theory and Computation Book PDF

Author : Michael R. Hammock,J. Wilson Mixon.Jr.
Publisher : Springer
Page : 385 pages
File Size : 48,9 Mb
Release : 2013-11-30
Category : Business & Economics
ISBN : 1461494184

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Microeconomic Theory and Computation by Michael R. Hammock,J. Wilson Mixon.Jr. Pdf

Economists can use computer algebra systems to manipulate symbolic models, derive numerical computations, and analyze empirical relationships among variables. Maxima is an open-source multi-platform computer algebra system that rivals proprietary software. Maxima’s symbolic and computational capabilities enable economists and financial analysts to develop a deeper understanding of models by allowing them to explore the implications of differences in parameter values, providing numerical solutions to problems that would be otherwise intractable, and by providing graphical representations that can guide analysis. This book provides a step-by-step tutorial for using this program to examine the economic relationships that form the core of microeconomics in a way that complements traditional modeling techniques. Readers learn how to phrase the relevant analysis and how symbolic expressions, numerical computations, and graphical representations can be used to learn from microeconomic models. In particular, comparative statics analysis is facilitated. Little has been published on Maxima and its applications in economics and finance, and this volume will appeal to advanced undergraduates, graduate-level students studying microeconomics, academic researchers in economics and finance, economists, and financial analysts.

Microeconomics

B. Curtis Eaton,Douglas W. Allen,Diane F. Eaton
Microeconomics Book PDF

Author : B. Curtis Eaton,Douglas W. Allen,Diane F. Eaton
Publisher : Ingram
Page : 750 pages
File Size : 48,5 Mb
Release : 2011-02-28
Category : Microeconomics
ISBN : 0132142422

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Microeconomics by B. Curtis Eaton,Douglas W. Allen,Diane F. Eaton Pdf

Economics provides people with a way to understand everyday human behaviour . Microeconomics: Theory with Applications teaches students how to look at the world in a different way. Using a variety of applications and lively and interesting examples, this new edition brings the theory to life. A Real-world emphasis is demonstrated throughout the text to reinforce the understanding of economic theory and at the same time to show how theory can be used to explore specific economic models to address specific questions.

General Equilibrium Analysis

Melvyn B. Krauss,Harry Gordon Johnson
General Equilibrium Analysis Book PDF

Author : Melvyn B. Krauss,Harry Gordon Johnson
Publisher : Aldine
Page : 352 pages
File Size : 49,8 Mb
Release : 1975
Category : Equilibrium (Economics)
ISBN : UCAL:B4765310

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General Equilibrium Analysis by Melvyn B. Krauss,Harry Gordon Johnson Pdf

Focusing on microeconomic theory, this book seeks to introduce the student from the start to the general equilibrium approach to microeconomics, in the form of the two-sector model. This model is then applied to a variety of subjects in different special fields of economic analysis.

Microeconomics: Theory And Applications Part Ii

S. P. S. Chauhan
Microeconomics Theory And Applications Part Ii Book PDF

Author : S. P. S. Chauhan
Publisher : PHI Learning Pvt. Ltd.
Page : 295 pages
File Size : 48,5 Mb
Release : 2009-12
Category : Business & Economics
ISBN : 9788120337152

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Microeconomics: Theory And Applications Part Ii by S. P. S. Chauhan Pdf

This book presents a scientific and systematic development of the under-lying concepts of microeconomics with due emphasis on analytical and mathematical treatment, much needed for an application orientation of mind, to help students in understanding and tackling the real-world problems. The book is organized into nine chapters. The first chapter is devoted to price-output decisions of a monopoly. It provides a comprehensive account of these decisions under all their manifestations in a systematic manner with illustrative sketches and mathematical explanations. Chapters 2 to 4, devoted to imperfect markets, cover monopolistic competition, duopoly and oligopoly under different situations of product pricing and quantity determination. The analysis is systematic incorporating illustrative sketches and mathematical explanations. Chapter 4 presents the sales maximization models of Baumol. Chapter 5 is devoted to factor pricing and Chapter 6 to capital and investment decisions. The former focuses on pricing of variable and fixed factors of production while the latter on intertemporal analysis and choice under uncertainty. Chapters 7 to 9, devoted to general equilibrium and market failure, analyse topics on general equilibrium and Pareto efficiency, markets with asymmetric information and externalities and public goods. This title includes: over 145 neatly drawn figures to clarify the concepts; chapter-end summaries as 'key terms and concepts' to facilitate quick revision; over 410 chapter-end short and long answer questions of numerical and analytical nature with hints, and answers as appropriate to probe the student's assimilation of the material covered; and, numerous illustrative examples throughout the text to illustrate the application of concepts.

Microeconomics

Edgar K. Browning,Mark A. Zupan
Microeconomics Book PDF

Author : Edgar K. Browning,Mark A. Zupan
Publisher : John Wiley & Sons
Page : 594 pages
File Size : 52,7 Mb
Release : 2020-01-09
Category : Business & Economics
ISBN : 9781119368922

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Microeconomics by Edgar K. Browning,Mark A. Zupan Pdf

Microeconomics: Theory & Applications, 13th Edition teaches students how fundamental tools of analysis are used explain and predict market phenomena. Designed for both economics and business students, this thorough yet accessible textbook describes basic microeconomic principles using various applications to clarify complicated economic concepts and provides an essential foundation of microeconomics knowledge. Clear and engaging chapters discuss cutting-edge models and explore numerous real-world examples of microeconomic theory in action. Comprehensive and topically relevant, this textbook offers greater coverage of input market analysis and applications than other texts on the subject. In-depth applications, such as consumer choice theory and noncompetitive market models, complement over 100 shorter applications that reinforce the graphical and logical techniques developed in the theory chapters. The authors’ innovative use of relatable applications promotes student engagement and comprehension, and facilitates a case-based, active-learning approach. Discussion of globalization, ethics, sustainability, and other important contemporary themes helps students understand how economics impacts their lives in various, often unexpected ways.