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David M. Kreps has developed a text in microeconomics that is both challenging and "user-friendly." The work is designed for the first-year graduate microeconomic theory course and is accessible to advanced undergraduates as well. Placing unusual emphasis on modern noncooperative game theory, it provides the student and instructor with a unified treatment of modern microeconomic theory--one that stresses the behavior of the individual actor (consumer or firm) in various institutional settings. The author has taken special pains to explore the fundamental assumptions of the theories and techniques studied, pointing out both strengths and weaknesses.The book begins with an exposition of the standard models of choice and the market, with extra attention paid to choice under uncertainty and dynamic choice. General and partial equilibrium approaches are blended, so that the student sees these approaches as points along a continuum. The work then turns to more modern developments. Readers are introduced to noncooperative game theory and shown how to model games and determine solution concepts. Models with incomplete information, the folk theorem and reputation, and bilateral bargaining are covered in depth. Information economics is explored next. A closing discussion concerns firms as organizations and gives readers a taste of transaction-cost economics
Acknowledgments -- Mastering employee motivation -- Pay for performance : the economic theory of incentives -- Is pay for performance always "the answer?" -- The economics of employment relationships -- The psychology of employment relationships -- Psychological theories of motivation -- Motivation and teams -- Motivation and your organization -- Appendix: The wisdom of crowds : what do managers believe? -- Notes -- Index
In: Clarendon lectures in economics series
In: Evolving Approaches to the Economics of Public Policy: Views of Award-Winning Economists, S. 93-144
In: Mathematical Finance, Band 30, Heft 4, S. 1205-1228
SSRN
In: The Economic Journal, Band 101, Heft 406, S. 641
In: The Bell journal of economics, Band 14, Heft 2, S. 326
In: Econometric Society monographs 27
This 1997 book is the second volume of three comprising papers which examine the latest developments in economic theory, applied economics and econometrics presented at the Seventh World Congress of the Econometric Society in Tokyo in August 1995. The topics were carefully selected to represent the most active fields in the discipline over the past five years. Written by the leading authorities in their fields, each paper provides a unique survey of the current state of knowledge in economics. Designed to make the material accessible to a general audience of economists, these volumes should be helpful to anyone with a good undergraduate training in economics who wishes to follow new ideas and tendencies in the subject
In: Journal of political economy, Band 94, Heft 5, S. 927-952
ISSN: 1537-534X