Models in Microeconomic Theory: Expanded Second Edition (He) - cover image

Copyright

Martin J. Osborne; Ariel Rubinstein

Published On

2023-06-26

ISBN

Paperback978-1-80511-124-5
Hardback978-1-80511-125-2
PDF978-1-80511-126-9

Language

  • English

Print Length

379 pages (xvii+362)

Dimensions

Paperback203 x 26 x 254 mm(7.99" x 1.02" x 10")
Hardback203 x 30 x 254 mm(7.99" x 1.18" x 10")

Weight

Paperback1013g (35.73oz)
Hardback1263g (44.55oz)

OCLC Number

1150169822

LCCN

2022361504

THEMA

  • KCA
  • KCC

BIC

  • KCA
  • JHBC
  • K

BISAC

  • BUS044000
  • BUS069030

LCC

  • HB172

Keywords

  • microeconomic theory
  • basic models
  • models of an economic agent
  • equilibrium
  • game theory
  • mechanism design
  • matching
  • axiomatic analysis of economic systems
  • social choice
  • undergraduate students

Models in Microeconomic Theory

Expanded Second Edition (He)

2nd Edition

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.

Contents

  • Martin J. Osborne
  • Ariel Rubinstein

Choice

(pp. 17–30)
  • Martin J. Osborne
  • Ariel Rubinstein
  • Martin J. Osborne
  • Ariel Rubinstein
  • Martin J. Osborne
  • Ariel Rubinstein

Consumer behavior

(pp. 57–74)
  • Martin J. Osborne
  • Ariel Rubinstein

Producer behavior

(pp. 75–88)
  • Martin J. Osborne
  • Ariel Rubinstein

Monopoly

(pp. 89–102)
  • Martin J. Osborne
  • Ariel Rubinstein

A jungle

(pp. 105–120)
  • Martin J. Osborne
  • Ariel Rubinstein

A market

(pp. 121–136)
  • Martin J. Osborne
  • Ariel Rubinstein

An exchange economy

(pp. 137–156)
  • Martin J. Osborne
  • Ariel Rubinstein
  • Ariel Rubinstein
  • Martin J. Osborne
  • Martin J. Osborne
  • Ariel Rubinstein
  • Martin J. Osborne
  • Ariel Rubinstein
  • Martin J. Osborne
  • Ariel Rubinstein

Strategic games

(pp. 217–256)
  • Martin J. Osborne
  • Ariel Rubinstein

Extensive games

(pp. 257–294)
  • Ariel Rubinstein
  • Martin J. Osborne

Mechanism design

(pp. 297–304)
  • Martin J. Osborne
  • Ariel Rubinstein

Matching

(pp. 305–316)
  • Martin J. Osborne
  • Ariel Rubinstein

Socialism

(pp. 317–328)
  • Martin J. Osborne
  • Ariel Rubinstein
  • Martin J. Osborne
  • Ariel Rubinstein

Contributors

Martin J. Osborne

(author)
Professor Emeritus of Economics at University of Toronto

Ariel Rubinstein

(author)
Emeritus in School of Economics at Tel Aviv University
Professor of Economics at New York University