Front cover image for Price theory and applications : decisions, markets, and information

Price theory and applications : decisions, markets, and information

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.
Print Book, English, ©2005
Cambridge University Press, Cambridge, ©2005
614 pages : illustrations
9780521523424, 9780521818643, 0521523427, 0521818648
796902083
1. The nature and scope of economics; 2. Working tools; 3. Utility and preference; 4. Consumption and demand; 5. Applications and extensions of demand theory; 6. The business firm; 7. Equilibrium in the product market - competitive industry; 8. Monopolies, cartels and networks; 9. Product quality and product variety; 10. Competition among the few: oligopoly and strategic behavior; 11. Dealing with uncertainty - the economics of risk and information; 12. The demand for factor services; 13. Resource supply and factor-market equilibrium; 14. Exchange, transaction costs and money; 15. The economics of time; 16. Welfare economics: the market and the state; 17. Government, politics and conflict.
Previous eds under title: Price theory and applications
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