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Topics in Microeconomics

Topics in Microeconomics
Industrial Organization, Auctions, and Incentives

$67.00 (P)

  • Date Published: October 1999
  • availability: Available
  • format: Paperback
  • isbn: 9780521645348

$ 67.00 (P)

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About the Authors
  • 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.

    • World-class text on hot topics in microeconomics: imperfect competition, uncertainty, incomplete information, incentives
    • In-depth, self-contained treatment of core topics
    • Includes problems, bibliographic notes, technical appendices
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    Reviews & endorsements

    "Departs from the tradition of the standard microeconomics textbook by providing an in-depth treatment of a few core topics, rather than a standard comprehensive overview of the field, and by ignoring the standard competitive analysis altogether and focusing on imperfect competition, uncertainty and incomplete information, and incentives." Journal of Economic Literature

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    Product details

    • Date Published: October 1999
    • format: Paperback
    • isbn: 9780521645348
    • length: 392 pages
    • dimensions: 246 x 189 x 21 mm
    • weight: 0.7kg
    • contains: 53 b/w illus. 12 tables
    • availability: Available
  • Table of Contents

    Part I. Imperfect Competition:
    1. Monopoly
    2. Regulation of monopoly
    3. Oligopoly and industrial organization
    Part II. Risk, Stochastic Dominance and Risk Aversion:
    4. Stochastic dominance: theory
    5. Stochastic dominance: applications
    6. Risk aversion
    Part III. Incomplete Information and Incentives:
    7. Matching: the marriage problem
    8. Auctions
    9. Hidden information and adverse selection
    10. Hidden information and signaling
    11. Hidden action and moral hazard
    12. Rank-order tournaments
    Part IV. Technical Supplements: A. Nonlinear optimization: the classical approach
    B. Inequality Constrained optimization
    C. Convexity and generalizations
    D. From expected values to order statistics.

  • Author

    Elmar Wolfstetter, Humboldt-Universit├Ąt zu Berlin

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