Microeconomic Foundations II: Imperfect Competition, Information, and Strategic Interaction

Name: Microeconomic Foundations II: Imperfect Competition, Information, and Strategic Interaction
Price: 48.50 USD
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Book Synopsis: 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. Read more.

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Looking to gain a competitive edge in the world of modern economics? Look no further than Microeconomic Foundations II: Imperfect Competition, Information, and Strategic Interaction. This cutting-edge textbook, written by esteemed economist David Kreps, is the perfect companion for first-year graduate students looking to delve deep into the key topics of microeconomic theory. With an emphasis on foundational material and a focus on seminal work, this book provides a comprehensive understanding of how and why economic theory has evolved.

One of the standout features of Microeconomic Foundations II is its thorough exploration of noncooperative game theory and its applications to economics. Through real-world examples and practical insights, Kreps demonstrates how game theory is the essential tool for modeling and analyzing microeconomic phenomena. By emphasizing the use of theory to support economic intuition rather than replace it, this book ensures that you fully grasp the practical implications of the concepts at hand.

Whether you're interested in agency theory, market signaling, bilateral bargaining, or mechanism design, Microeconomic Foundations II covers it all. From auctions to matching markets, this textbook leaves no stone unturned. And to further enhance your learning experience, free online supplements are available, providing chapter outlines, solutions to problems, and more.

If you're ready to take your understanding of microeconomic theory to the next level, don't miss out on Microeconomic Foundations II: Imperfect Competition, Information, and Strategic Interaction. Gain the knowledge and insight you need to excel in the field of economics. Get your copy today!

Click here to get your copy of Microeconomic Foundations II: Imperfect Competition, Information, and Strategic Interaction now!

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