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Book/Printed Material Models in Microeconomic Theory

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About this Item

Title

  • Models in Microeconomic Theory

Names

  • Osborne, Martin J., author
  • Rubinstein, Ariel, author

Created / Published

  • Cambridge : Open Book Publishers, 2020.

Contents

  • Intro -- Personal note -- Preface -- Part I Individual behavior -- 1 Preferences and utility -- 1.1 Preferences -- 1.2 Preference formation -- 1.3 An experiment -- 1.4 Utility functions -- Problems -- Notes -- 2 Choice -- 2.1 Choice and rational choice -- 2.2 Rationalizing choice -- 2.3 Property alpha -- 2.4 Satisficing -- 2.5 The money pump argument -- 2.6 Evidence of choices inconsistent with rationality -- Problems -- Notes -- 3 Preferences under uncertainty -- 3.1 Lotteries -- 3.2 Preferences over lotteries -- 3.3 Expected utility -- 3.4 Theory and experiments -- 3.5 Risk aversion
  • Problems -- Notes -- 4 Consumer preferences -- 4.1 Bundles of goods -- 4.2 Preferences over bundles -- 4.3 Monotonicity -- 4.4 Continuity -- 4.5 Convexity -- 4.6 Differentiability -- Problems -- Notes -- 5 Consumer behavior -- 5.1 Budget sets -- 5.2 Demand functions -- 5.3 Rational consumer -- 5.4 Differentiable preferences -- 5.5 Rationalizing a demand function -- 5.6 Properties of demand functions -- Problems -- Notes -- 6 Producer behavior -- 6.1 The producer -- 6.2 Output maximization -- 6.3 Profit maximization -- 6.4 Cost function -- 6.5 Producers' preferences -- Problems -- Notes
  • 7 Monopoly -- 7.1 Basic model -- 7.2 Uniform-price monopolistic market -- 7.3 Discriminatory monopoly -- 7.4 Implicit discrimination -- Problems -- Notes -- Part II Equilibrium -- 8 A jungle -- 8.1 Model -- 8.2 Equilibrium -- 8.3 Pareto stability -- 8.4 Equilibrium and Pareto stability in a jungle -- 8.5 Which allocations can be obtained by a social planner who controls the power relation? -- 8.6 Externalities -- Problems -- Notes -- 9 A market -- 9.1 Model -- 9.2 Existence and construction of a market equilibrium -- 9.3 Equilibrium and Pareto stability -- 9.4 Uniqueness of market equilibrium
  • Problems -- Notes -- 10 An exchange economy -- 10.1 Model -- 10.2 Competitive equilibrium -- 10.3 Existence of a competitive equilibrium -- 10.4 Reopening trade -- 10.5 Equilibrium and Pareto stability -- 10.6 The core -- 10.7 Competitive equilibrium based on demand functions -- 10.8 Manipulability -- 10.9 Edgeworth box -- Problems -- Notes -- 11 Variants of an exchange economy -- 11.1 Market with indivisible good and money -- 11.2 Exchange economy with uncertainty -- Problems -- Notes -- 12 A market with consumers and producers -- 12.1 Production economy -- 12.2 An economy with capital and labor
  • Problems -- 13 Equilibrium with prices and expectations -- 13.1 Distributing customers among bank branches -- 13.2 Asymmetric information and adverse selection -- 13.3 A fishing economy -- Problems -- Notes -- 14 A market with asymmetric information -- 14.1 Introductory model -- 14.2 Labor market with education -- Problems -- Notes -- Part III Game theory -- 15 Strategic games -- 15.1 Strategic games and Nash equilibrium -- 15.2 Basic examples -- 15.3 Economic examples -- 15.4 Existence of Nash equilibrium -- 15.5 Strictly competitive games -- 15.6 Kantian equilibrium -- 15.7 Mixed strategies -- 15.8 Interpreting Nash equilibrium.

Headings

  • -  Microeconomics--Textbooks

Notes

  • -  This book is available in two versions, one that uses feminine pronouns and one that uses masculine pronouns. This version uses feminine pronouns.
  • -  Description based on online resource; title from PDF title page (Open Book Publishers website ; viewed on 2020-04-17)

Medium

  • 1 online resource (xv, 339 pages)

Call Number/Physical Location

  • HB172

Digital Id

Library of Congress Control Number

  • 2019452865

Rights Advisory

Access Advisory

  • Unrestricted online access

Online Format

  • image
  • pdf

Additional Metadata Formats

Rights & Access

The books in this collection are licensed under open access licenses allowing for the reuse and distribution of each book following the terms described in each license. Researchers should consult the Rights Advisory statement for each title and the accompanying license details for information about rights and permissions associated with each of the licenses.

More about Copyright and other Restrictions.

Cite This Item

Citations are generated automatically from bibliographic data as a convenience, and may not be complete or accurate.

Chicago citation style:

Osborne, Martin J., Author, and Ariel Rubinstein. Models in Microeconomic Theory. Cambridge: Open Book Publishers, 2020. Pdf. https://www.loc.gov/item/2019452865/.

APA citation style:

Osborne, M. J. & Rubinstein, A. (2020) Models in Microeconomic Theory. Cambridge: Open Book Publishers. [Pdf] Retrieved from the Library of Congress, https://www.loc.gov/item/2019452865/.

MLA citation style:

Osborne, Martin J., Author, and Ariel Rubinstein. Models in Microeconomic Theory. Cambridge: Open Book Publishers, 2020. Pdf. Retrieved from the Library of Congress, <www.loc.gov/item/2019452865/>.