Topics in Microeconomics
Author | : Elmar Wolfstetter |
Publisher | : Cambridge University Press |
Total Pages | : 394 |
Release | : 1999-10-28 |
ISBN-10 | : 0521645344 |
ISBN-13 | : 9780521645348 |
Rating | : 4/5 (44 Downloads) |
Book excerpt: This book in microeconomics focuses on the strategic analysis of markets under imperfect competition, incomplete information, and incentives. Part I of the book covers imperfect competition, from monopoly and regulation to the strategic analysis of oligopolistic markets. Part II explains the analytics of risk, stochastic dominance, and risk aversion, supplemented with a variety of applications from different areas in economics. Part III focuses on markets and incentives under incomplete information, including a comprehensive introduction to the theory of auctions, which plays an important role in modern economics.