Open Book PublishersJul 3, 2023

📢#OutNow in #OA: 'Models in #Microeconomic Theory: Expanded Second Edition (She & He)' by Martin J. Osborne & Ariel Rubinstein.

Part I presents models of an #economic agent, discussing abstract models of preferences, choice, and decision-making under uncertainty, before turning to models of the #consumer, the #producer, and #monopoly. Part II introduces the concept of #equilibrium, beginning, unconventionally, with the models of the jungle and an #economy with indivisible goods, and continuing with models of an exchange economy, equilibrium with rational expectations, and an #economy with asymmetric information. Part III provides an introduction to #gametheory, covering #strategic and extensive #games and the concepts of #Nash #equilibrium and #subgame perfect equilibrium. Part IV gives a taste of the topics of #mechanismdesign, #matching, the #axiomatic analysis of #economic systems, and #socialchoice.

https://doi.org/10.11647/OBP.0361
https://doi.org/10.11647/OBP.0362

Models in Microeconomic Theory: Expanded Second Edition (She)

Models in Microeconomic Theory covers basic models in current microeconomic theory. Part I (Chapters 1-7) presents models of an economic agent, discussing abstract models of preferences, choice, and decision making under uncertainty, before turning to models of the consumer, the producer, and monopoly. Part II (Chapters 8-14) introduces the concept of equilibrium, beginning, unconventionally, with the models of the jungle and an economy with indivisible goods, and continuing with models of an exchange economy, equilibrium with rational expectations, and an economy with asymmetric information. Part III (Chapters 15-16) provides an introduction to game theory, covering strategic and extensive games and the concepts of Nash equilibrium and subgame perfect equilibrium. Part IV (Chapters 17-20) gives a taste of the topics of mechanism design, matching, the axiomatic analysis of economic systems, and social choice.

Naomi UtgoffNov 8, 2022

#introduction

I'm a #microeconomic #theorist and an assistant professor at the US Naval Academy. My research is mostly about #matchingmarkets with #incompleteinformation; these days I'm also working on some Navy-specific matching problems. More broadly, I'm thinking about problem of mechanism comparison, i.e. what happens there is are two mechanisms, each of which is the outside option for another.

I'll be at #SEA from 11/18 - 11/21 if you want to have coffee or a meal!