Skip to main content Accessibility help

We use cookies to distinguish you from other users and to provide you with a better experience on our websites. Close this message to accept cookies or find out how to manage your cookie settings.

Close cookie message
×
  1. Home
  2. Books
  3. Topics in Microeconomics
  • Cited by 152
Publisher:
Cambridge University Press
Online publication date:
January 2010
Print publication year:
1999
Online ISBN:
9780511625787
DOI:
https://doi.org/10.1017/CBO9780511625787
Subjects:
Economics, Industrial Economics, Microeconomics
Information

Book description

This text 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. Each chapter introduces the core issues in an accessible yet rigorous fashion, and then investigates specialized themes. Each also offers self-contained explanations and proofs. The only prerequisites are a basic knowledge of calculus and probability, and familiarity with intermediate undergraduate microeconomics. The text can be used as a textbook in different courses for senior undergraduate or first-year graduate students.

Reviews

‘Wolfstetter succeeds admirably in his goal of illustrating the great breadth and power of modern microeconomics. He effectively presents some of the most important applications of the theory and also provides the reader with a sound understanding of the underlying mathematical foundations. The author has a wonderful knack for explaining subtle ideas simply and clearly.’

John G. Riley - UCLA

‘Wolfstetter provides comprehensive and valuable reviews of a number of important cutting edge topics in economics … His chapter on auctions is one of the most comprehensive in terms of coverage that I have seen. I strongly recommend it as an introductory survey to any student interested in the topic.’

John Kagel - University of Pittsburgh

‘This book provides an ideal incentive to master the theory of incentives itself, contemporary industrial organization and auction theory. There is no alternative work that gathers together this vital material with sugar rigor, humor, and range of inquiry.’

Murray Brown - SUNY - Buffalo

‘Wolfstetter has done an excellent job in making the theoretical literature accessible to a student audience. This is a highly readable and balanced account of the new topics in economic theory.’

Motty Perry - Hebrew University

Refine List

Actions for selected content:

Select all | Deselect all
  • View selected items
  • Export citations
  • Download PDF (zip)
  • Save to Kindle
  • Save to Dropbox
  • Save to Google Drive

Save Search

You can save your searches here and later view and run them again in "My saved searches".

Please provide a title, maximum of 40 characters.
Cancel
×

Contents

Contents

Metrics

Altmetric attention score

Full text views

Total number of HTML views: 0
Total number of PDF views: 0 *
Loading metrics...

Book summary page views

Total views: 0 *
Loading metrics...

* Views captured on Cambridge Core between #date#. This data will be updated every 24 hours.

Usage data cannot currently be displayed.

Accessibility standard: Unknown

Accessibility compliance for the PDF of this book is currently unknown and may be updated in the future.