Description Advanced Microeconomic Theory remains a rigorous, up-to-date standard in microeconomics, giving all the core mathematics and modern theory the advanced student must master. This student-friendly text, with its efficient theorem-proof organization, and many examples and exercises, is uniquely effective in advanced courses.
New To This Edition
General equilibrium with contingent commodities
Expanded treatment of social choice, with a simplified proof of Arrow’s theorem and complete, step-by-step development of the Gibbard-Satterthwaite theorem
Extensive development of Bayesian games
New section on efficient mechanism design in the quasi-linear utility, private values environment. The most complete and easy to follow presentation of any text.
Over fifty new exercises.
Table of Contents
PREFACE PART 1: ECONOMIC AGENTS
CHAPTER 1: CONSUMER THEORY
CHAPTER 2: TOPICS IN CONSUMER THEORY
CHAPTER 3: THEORY OF THE FIRM PART 2: MARKETS AND WELFARE
CHAPTER 4: PARTIAL EQUALIBRIUM
CHAPTER 5: GENERAL EQUALIBRIUM
CHAPTER 6: SOCIAL CHOICE AND WELFARE PART 3: STRATEGIC BEHAVIOUR
CHAPTER 7: GAME THEORY
CHAPTER 8: INFORMATION ECONOMICS
CHAPTER 9: AUCTIONS AND MECHANISM DESIGN MATHEMATICAL APPENDICES
CHAPTER A1: SETS AND MAPPINGS
CHAPTER A2: CALCULUS AND OPTIMISATION
LIST OF THEOREMS
LIST OF DEFINITIONS
HINTS AND ANSWERS
REFERENCES
INDEX
Geoffrey A. Jehle, Vassar College Philip J. Reny, University of Chicago