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Topics in Microeconomics.pdf
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TOPICS IN MICROECONOMICS
This text in microeconomics focuses on the strategic analysis of markets under
imperfect competition, incomplete information, and incentives.
Part I of the book covers imperfect competition, from monopoly and regulation
to the strategic analysis of oligopolistic markets. Part II explains the analytics
of risk, stochastic dominance, and risk aversion, supplemented with a variety of
applications from different areas in economics. Part III focuses on markets and
incentives under incomplete information, including a comprehensive introduction
to the theory of auctions, which plays an important role in modern economics.
Each chapter introduces the core issues in an accessible yet rigorous fashion,
and then investigates specialized themes. An attempt is made to develop a coherent
story, with self-contained explanations and proofs. The only prerequisites are a
basic knowledge of calculus and probability, and familiarity with intermediate
undergraduate microeconomics.
The text can be used as a textbook in courses on microeconomics, theoretical
industrial organization, and information and incentives for senior undergraduate or
first-year graduate students.
Elmar Wolfstetter is Professor of Economics at Humboldt University, Berlin. He
has taught at the State University of New York, Buffalo (1974-82) and the Free
University of Berlin (1982-92), and held visiting appointments at King's College,
Cambridge University, at the Universities of Copenhagen, Bern, and Pittsburgh,
and at the Hebrew University, Jerusalem. The author of two other books and numerous
articles in professional journals, including the Economic Journal, Oxford
Economic Papers, and the RAND Journal of Economics, Professor Wolfstetter is
Associate Editor of the European Economic Review, a Council Member of the
Verein f. Socialpolitik (German Economic Association), and Editor of the Journal
of Institutional and Theoretical Economics.
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