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Topics in Microeconomics : Industrial Organization, Auctions, and Incentives - Elmar Wolfstetter

Topics in Microeconomics

Industrial Organization, Auctions, and Incentives

Paperback Published: 15th April 2000
ISBN: 9780521645348
Number Of Pages: 392

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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.

Industry Reviews

'Wolfstetter succeeds admirably in his goal of illustrating the great breadth and power of modern microeconomics. He effectively presents some of the most important applications of the theory and also provides the reader with a sound understanding of the underlying mathematical foundations. The author has a wonderful knack for explaining subtle ideas simply and clearly.' John G. Riley, UCLA 'Wolfstetter provides comprehensive and valuable reviews of a number of important cutting edge topics in economics ... His chapter on auctions is one of the most comprehensive in terms of coverage that I have seen. I strongly recommend it as an introductory survey to any student interested in the topic.' John Kagel, University of Pittsburgh 'This book provides an ideal incentive to master the theory of incentives itself, contemporary industrial organization and auction theory. There is no alternative work that gathers together this vital material with sugar rigor, humor, and range of inquiry.' Murray Brown, SUNY - Buffalo 'Wolfstetter has done an excellent job in making the theoretical literature accessible to a student audience. This is a highly readable and balanced account of the new topics in economic theory.' Motty Perry, Hebrew University

Imperfect Competition
Regulation of monopoly
Oligopoly and industrial organization
Risk, Stochastic Dominance, and Risk Aversion
Stochastic dominance: theory
Stochastic dominance: applications
Risk aversion
Incomplete Information and Incentives
Matching: the marriage problem
Hidden information and adverse selection
Hidden information and signaling
Hidden action and moral hazard
Rank-order tournaments
Technical Supplements
Nonlinear optimization: the classical approach
Inequality Constrained optimization
Convexity and generalizations
From expected values to order statistics
Table of Contents provided by Publisher. All Rights Reserved.

ISBN: 9780521645348
ISBN-10: 0521645344
Audience: Professional
Format: Paperback
Language: English
Number Of Pages: 392
Published: 15th April 2000
Country of Publication: GB
Dimensions (cm): 24.61 x 18.9  x 2.06
Weight (kg): 0.7

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