Topics in Microeconomics: Industrial Organization, Auctions, and Incentives

ISBN-13: 9780521645348 / Angielski / Miękka / 1999 / 392 str.

Elmar Wolfstetter

Opis

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.

Recenzje

'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

Spis treści

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.