Microeconomics : A Modern Approach
Schotter's new perspective views microeconomics as a tool for institutions, integrating game theory consistently throughout the presentation. Further, Schotter integrates other modern material such as experimental economics, information economics and industrial organization. He accomplishes this by using a text-wide model to show the evolution of social and economic institutions.
- Hardback | 656 pages
- 192 x 230 x 34mm | 1,138.51g
- 01 Jul 1993
- Pearson Education Limited
- Harlow, United Kingdom
Table of contents
Economics and institutions - a shift of emphasis; consumers and their preferences; demand and behaviour in markets; the problem of exchange; the discovery of production and its technology; cost and choice; game theory and the tools of strategic business analysis; the internal organization of the firm; the age of entrepreneurship - monopoly; natural monopoly and the economics of regulation; the world of oligopoly - preliminaries to successful entry; entry and the emergence of perfect competition; perfectly competitive markets; uncertainty and the emergence of insurance; general equilibrium and the rise of ideology; moral hazard and adverse selection - informational market failures; pollution control and externalities - the free market-interventionist battle continues; public goods, the consequences of strategic behaviour, and the rise of government; input markets and the analysis of class society.