A Course in Microeconomic Theory by David M Kreps

A Course in Microeconomic Theory by David M Kreps

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Summary

Offers a treatment of microeconomic theory - one that stresses the behavior of the individual actor in various institutional settings. This book begins with an exposition of the standard models of choice and the market. It is designed for the first-year graduate microeconomic theory course and is accessible to advanced undergraduates as well.

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A Course in Microeconomic Theory by David M Kreps

David M. Kreps has developed a text in microeconomics that is both challenging and "user-friendly." The work is designed for the first-year graduate microeconomic theory course and is accessible to advanced undergraduates as well. Placing unusual emphasis on modern noncooperative game theory, it provides the student and instructor with a unified treatment of modern microeconomic theory--one that stresses the behavior of the individual actor (consumer or firm) in various institutional settings. The author has taken special pains to explore the fundamental assumptions of the theories and techniques studied, pointing out both strengths and weaknesses. The book begins with an exposition of the standard models of choice and the market, with extra attention paid to choice under uncertainty and dynamic choice. General and partial equilibrium approaches are blended, so that the student sees these approaches as points along a continuum. The work then turns to more modern developments. Readers are introduced to noncooperative game theory and shown how to model games and determine solution concepts. Models with incomplete information, the folk theorem and reputation, and bilateral bargaining are covered in depth. Information economics is explored next. A closing discussion concerns firms as organizations and gives readers a taste of transaction-cost economics.
"The most complete, enjoyable, and worthwhile textbook treating both traditional and modern microeconomic theory"--Journal of Economics
Kreps, David: - David Kreps is the Adams Distinguished Professor of Management at the Stanford Business School, where, over a forty year career, he has taught courses from Decision Making Under Uncertainty to Managerial Economics to Operations to Human Resource Management. A leading economic theorist, he is a past recipient of the John Bates Clark Medal, a Distinguished Fellow of the American Economic Association, and a member of the National Academy of Sciences. He is the author of six previous books, including Microeconomics for Managers, Game Theory and Economic Modeling, and Strategic Human Resources: Frameworks for General Managers (with James Baron). He lives in Stanford, California.
SKU Unavailable
ISBN 13 9780691042640
ISBN 10 0691042640
Title A Course in Microeconomic Theory
Author David M Kreps
Condition Unavailable
Binding Type Hardback
Publisher Princeton University Press
Year published 1990-03-13
Number of pages 864
Cover note Book picture is for illustrative purposes only, actual binding, cover or edition may vary.