Price Theory and Applications: Decisions, Markets, and Information

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9780521523424: Price Theory and Applications: Decisions, Markets, and Information

Featuring extensive coverage of information, uncertainty, and game theory, this volume is a new edition of a classic textbook in intermediate microeconomics. It contains over a hundred examples illustrating the applicability of economic analysis not only to mainline economic topics but also issues in politics, history, biology, the family, and many other areas. The text generally describes recent research published in scholarly books and articles, providing students with a good idea of the scientific work done by professional economists in a variety of areas. Jack Hirshleifer is Distinguished Professor of Economics, Emeritus at the University of California, Los Angeles Amihai Glazer is Professor of Economics at the University of California, Irvine David Hirshleifer holds the Ralph M. Kurtz Chair of Finance at The Ohio State University.

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Book Description:

This is a textbook in intermediate microeconomics, a required subject for economics majors in virtually all economics departments in the United States and other countries. Business schools also often cover the topic. The first edition of this book changed the way such textbooks are written, particularly by including scores of boxed examples illustrating real-world applications of the theory. In the meantime other authors have imitated Price Theory and Applications, but the text itself remains in the lead--owing to much more extended and detailed presentation of such examples, including applications of economic principles in fields such as biology and anthropology and politics.

About the Author:

Jack Hirshleifer was a Fellow of the American Academy of Arts and Sciences and a Fellow of the Econometric Society. He served as Vice-President of the American Economic Association and as President of the Western Economic Association, and as a member of the Editorial Boards of the American Economic Review, the Journal of Economic Behavior and Organization, and of the new Journal of Bioeconomics. In 2000 he was elected a Distinguished Fellow of the American Economic Association.

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Descripción Cambridge University Press. Paperback. Estado de conservación: new. BRAND NEW, Price Theory and Applications: Decisions, Markets, and Information (7th Revised edition), Jack Hirshleifer, Amihai Glazer, David Hirshleifer, This new seventh edition of the book offers extensive discussion of information, uncertainty, and game theory. It contains over a hundred examples illustrating the applicability of economic analysis not only to mainline economic topics but also issues in politics, history, biology, the family, and many other areas. These discussions generally describe recent research published in scholarly books and articles, giving students a good idea of the scientific work done by professional economists. In addition, at appropriate places the text provides 'applications' representing more extended discussions of selected topics including rationing in wartime (Chapter 5), import quotas (Chapter 7), alleged monopolistic suppression of inventions (Chapter 9), minimum wage laws (Chapter 11), the effects of Social Security upon saving (Chapter 15), fair division of disrupted property (Chapter 16) and whether individuals should pay ransom to a kidnapper (Chapter 17). Nº de ref. de la librería B9780521523424

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