A Course in Microeconomic Theory by David M. Kreps (English) Hardcover Book

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This book provides an introduction to the content and methods of microeconomic theory. The primary target for this book is a first-year graduate student who is looking for an introduction to microeconomic theory that goes beyond the traditional models of the consumer, the firm, and the market.

FORMATHardcover LANGUAGEEnglish CONDITIONBrand New Publisher Description

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.

Author Biography

About the Authors James N. Baron is the Walter Kenneth Kilpatrick Professor of Organizational Behavior and Human Resources at Stanford University's Graduate School of Business. He has received numerous professional awards and honors, including a fellowship at the Center for Advanced Study in the Behavioral Sciences and elected membership in the Sociological Research Association and Macro Organizational Behavior Society. He has served as an advisor on human resource issues to corporations, law firms, government agencies, and nonprofit organizations. David M. Kreps is the Paul E. Holden Professo

Review

The most complete, enjoyable, and worthwhile textbook treating both traditional and modern microeconomic theory.

Long Description

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.

Review Quote

The most complete, enjoyable, and worthwhile textbook treating both traditional and modern microeconomic theory. -- Journal of Economics

Details ISBN0691042640 Author David M. Kreps Short Title COURSE IN MICROECONOMIC THEORY Publisher Princeton University Press Language English ISBN-10 0691042640 ISBN-13 9780691042640 Media Book Format Hardcover DEWEY 338.5 Year 1990 Publication Date 1990-02-28 Pages 864 Imprint Princeton University Press Place of Publication New Jersey Country of Publication United States Birth 1950 Translated from English DOI 10.1604/9780691042640 Audience College/Higher Education NZ Release Date 1990-03-13 US Release Date 1990-03-13 UK Release Date 1990-03-13 AU Release Date 1990-05-21 We've got this

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