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Microeconomic Theory

  • Book
  • © 1986

Overview

Editors:
  1. Larry Samuelson

    1. Department of Economics, The Pennsylvania State University, University Park, USA

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Part of the book series: Recent Economic Thought (RETH, volume 6)

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Table of contents (12 chapters)

  1. Front Matter

    Pages i-xvii
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  2. Introduction

    • Larry Samuelson
    Pages 1-29

  3. Alternatives to Expected Utility Theory for Risky Decisions

    • Peter C. Fishburn
    Pages 31-52

  4. Consumer Learning and Optimal Pricing Strategies for Products of Unknown Quality

    • Patricia A. Goering
    Pages 53-77

  5. Rationality and Social Choice

    • Douglas H. Blair, Robert A. Pollak
    Pages 79-98

  6. Resolution of Paradoxes in Social Choice

    • Taradas Bandyopadhyay
    Pages 99-120

  7. The Demand Revealing Mechanism

    • Rafael Rob
    Pages 121-138

  8. The Design of Efficient Resource Allocation Mechanisms

    • Parkash Chander
    Pages 139-157

  9. The Theory of Bargaining

    • Kalyan Chatterjee
    Pages 159-194

  10. The Elements of Fixprice Microeconomics

    • Joaquim Silvestre
    Pages 195-234

  11. Possibility Theorems, Incentives, and Progress in Economic Theory

    • Barry W. Ickes
    Pages 235-242

  12. Institutions as a Solution Concept in a Game Theory Context

    • Philip Mirowski
    Pages 243-264

  13. The State of Microeconomics

    • K. H. Hennings
    Pages 265-271

  14. Back Matter

    Pages 273-278
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Keywords

About this book

It is often said that everyone understands precisely what is meant by the notion of probability-except those who have spent their lives studying the matter. Upon close scrutiny, the intuitively obvious idea of probability becomes quite elusive. Is it a subjective or objective concept? Are random variables simply improperly measured deterministic variables, or inherently random? What is meant by the phrase "other things held constant" that often appears in descriptions of probability? These questions involve fundamental philosophical and scientific issues, and promise to elude definitive answers for some time. The same type of difficulty arises when attempting to produce a volume on microeconomic theory. The obvious first question-what is microeconomic theory?--

Editors and Affiliations

  • Department of Economics, The Pennsylvania State University, University Park, USA

    Larry Samuelson

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