Essential microeconomics

by Riley, John G.

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Title Statements

Full title :Essential microeconomics / John G. Riley, University of California, Los Angeles.

Summary

"Essential Microeconomics is designed to help students deepen their understanding of the core theory of microeconomics"--

"PRICES AND OPTIMIZATION 1.1 SUPPORTING PRICES 1.2 SHADOW PRICES 1.3 THE ENVELOPE THEOREM 1.4 FOUNDATIONS OF CONSTRAINED OPTMIZATION 1.5 APPLICATION: MONOPOLY PRICING WITH JOINT COSTS 1.1 SUPPORTING PRICES Key ideas: convex and non-convex production sets, price based incentives, Supporting Hyperplane Theorem Pursuit of self-interest is central to economics. Thus a deep understanding of the theory of maximization is essential to effective theorizing. In particular, the theory of constrained maximization is so crucial that we explore it in this first chapter. In contrast to a purely mathematical exposition, the emphasis here is on prices"--

Edition Statements

Publication Date:2012.

Publication Statements

Publisher(s):Cambridge University Press
Place of Publication:Cambridge
Language:eng
Publication Date:2012.

Notes

Includes index.

The Physical Object

Description:1 online resource

Edition Identifiers

ISBN:9781139568821, 1139568825, 9780511993817, 0511993811, 1139572385, 9781139572385
oclc:ocn812786436
LC Classification:HB172
Dewey Decimal:338.5

Prices and optimization -- Consumers -- Equilibrium and efficiency in an exchange economy -- Firms -- General equilibrium -- Dynamic optimization -- Uncertainty -- Equilibrium in financial markets -- Strategy: games in which preferences and history are common knowledge -- Games with asymmetric information -- Incentive compatibility and mechanism design -- Auctions and public goods -- Appendix A. Mathematical foundations -- Appendix B. Mappings of vectors -- Appendix C. Optimization.