Over the past fifty years game theory has had a major impact on
the field of economics. It was for work in game theory that the
1994 Nobel Prize in Economics was awarded. Although non-cooperative
game theory is better known, the theory of cooperative games has
contributed a number of fundamental ideas to microeconomic
analysis. "Cooperative Microeconomics" is the definitive textbook
on these contributions.
Designed to be used by undergraduate and graduate students, the
book provides a thorough introduction and overview of its subject.
Herve Moulin distinguishes among three primary modes of
cooperation: cooperation by direct agreements; cooperation by just,
equitable compromise; and cooperation by decentralized behavior.
This tri-modal methodology is applied successively to the exchange
of private goods, the fair division of unproduced commodities, the
cooperative production of private and public goods, and
cost-sharing.
Moulin proposes an elementary and self-contained exposition
(supplemented by over 125 exercises) of the main cooperative
concepts for microeconomic analysis, including core stability,
deterministic solutions (such as the Shapley value), and several
broad principles of equity (such as the No Envy and Stand Alone
tests). The book also covers the most important failures of the
decentralized behavior: the tragedy of the commons and the free
rider problem in the provision of public goods. _Cooperative
Microeconomics_ is the first book of its kind, and it will be
widely used in courses in microeconomics and game theory.
Originally published in 1995.
The Princeton Legacy Library uses the latest print-on-demand
technology to again make available previously out-of-print books
from the distinguished backlist of Princeton University Press.
These paperback editions preserve the original texts of these
important books while presenting them in durable paperback
editions. The goal of the Princeton Legacy Library is to vastly
increase access to the rich scholarly heritage found in the
thousands of books published by Princeton University Press since
its founding in 1905."
General
Imprint: |
Princeton University Press
|
Country of origin: |
United States |
Series: |
Princeton Legacy Library |
Release date: |
June 2014 |
First published: |
July 2014 |
Authors: |
Herve Moulin
|
Dimensions: |
254 x 178 x 27mm (L x W x T) |
Format: |
Paperback - Trade
|
Pages: |
466 |
ISBN-13: |
978-0-691-60808-2 |
Categories: |
Books >
Business & Economics >
Economics >
Microeconomics >
General
|
LSN: |
0-691-60808-3 |
Barcode: |
9780691608082 |
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