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OverviewThis textbook covers microeconomic theory at the level of intermediate and advanced undergraduates. It is also intended as an introduction for those with other intellectual and academic backgrounds who may not necessarily agree with “mainstream” economists but at least are interested knowing how they think and see things. The book provides thorough explanations of definitions and assumptions that the theory is based upon. It provides comprehensive accounts of motivations and reservations behind the theory. As well, it precisely presents the logical process of how the assumptions lead to the conclusion, conveying the intuition and the key of the arguments. An abundance of topics is included here: individual choice, general equilibrium, partial equilibrium, game theory, imperfect competition, transaction under incomplete information, market failures, welfare economics, social choice and mechanism design. The book is a valuable resource for any reader studying or simply interested in microeconomic theory. Full Product DetailsAuthor: Takashi HayashiPublisher: Springer Verlag, Singapore Imprint: Springer Verlag, Singapore Edition: 1st ed. 2021 Weight: 0.860kg ISBN: 9789811635403ISBN 10: 9811635404 Pages: 543 Publication Date: 21 July 2021 Audience: Professional and scholarly , Professional & Vocational Format: Paperback Publisher's Status: Active Availability: Manufactured on demand  We will order this item for you from a manufactured on demand supplier. Table of ContentsPart I: Individual Choice 1: On the concept of “rationality” in economics 2: Choice objects and choice opportunities 3: Preference 4: So-called utility function 5: Choice and demand 6: Demand analysis 7: Willingness to pay and consumer surplus 8: Intertemporal choice 9: Choice under risk 10: Revealed preference Part II: Perfectly Competitive and Complete Market with Complete Information 11: Perfectly competitive and complete market with complete information 12: Competitive equilibrium in exchange economies 13: Efficiency of competitive allocation 14: Production technology 15: Profit maximization and cost minimization 16: Cost curve and competitive supply 17: Competitive equilibrium in production economies 18: Partial equilibrium analysis Part III: Imperfect competition and game theory 19: Monopoly 20: Basic game theory I: normal-form games 21: Basic game theory II: extensive-form games 22: Oligopoly Part IV: Economic Analysis with Incomplete Information 23: Basic game theory III: games with incomplete information 24: Auction 25: Trade with incomplete information Part V: Market Failure and Normative Economic Analysis 26: Externality 27: Public goods and the free-rider problem 28: Indivisibility and heterogeneity 29: Efficiency, welfare comparison and fairness 30: Aggregation of preferences and social choice 31: Implementability of social choice objectives Postscripts Solutions to the exercisesReviews“A large textbook written by the known economic theorist, covering seemingly all possible sections of modern microeconomics, and it is intended for a wide scope of readers learning and specializing in economics and other social sciences.” (Vladimir Gorbunov, zbMATH 1483.91002, 2022) A large textbook written by the known economic theorist, covering seemingly all possible sections of modern microeconomics, and it is intended for a wide scope of readers learning and specializing in economics and other social sciences. (Vladimir Gorbunov, zbMATH 1483.91002, 2022) Author InformationTakashi Hayashi is Professor in economics at the University of Glasgow. His research fields are decision theory, social choice/implementation theory and general equilibrium theory. He received his Ph.D. (2004) from The University of Rochester. He was Assistant Professor of economics at The University of Texas at Austin (2004-2012). His works include General Equilibrium Foundation of Partial Equilibrium Analysis (Palgrave Macmillan, 2017) as well as academic papers such as “Smallness of a commodity and partial equilibrium analysis” (Journal of Economic Theory, 2013), “Implementation in partial equilibrium” (Journal of Economic Theory, 2017, co-authored with Michele Lombardi) and “Self-fulfilling regression and statistical discrimination” (International Journal of Economic Theory, 2019). Tab Content 6Author Website:Countries AvailableAll regions |
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