Advanced Microeconomics: Industrial Organization, Auctions, and Incentives for Academic Research and Policy Analysis

$45.22

$60.3

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Advanced Microeconomics: Industrial Organization, Auctions, and Incentives for Academic Research and Policy Analysis

$45.22

$60.3

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Description

This book 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.

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note on the 1 star review:Coase [1972] put forward an important conjecture on the time inconsistency problem in durable good monopoly. Readers who like to know if (a form of) this conjecture is correct can examine the careful thinking of Bulow [1982] and Bagnoli, Salant, and Swierzbinski [1989] as presented in section 1.6 of Topics in Microeconomics. (Yes, you'll need some background in mathematics.)

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