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 editions preserve the original
texts of these important books while presenting them in durable
paperback and hardcover 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: |
April 2016 |
First published: |
1996 |
Authors: |
Herve Moulin
|
Dimensions: |
254 x 178 x 34mm (L x W x T) |
Format: |
Hardcover - Trade binding
|
Pages: |
466 |
ISBN-13: |
978-0-691-63657-3 |
Categories: |
Books >
Business & Economics >
Economics >
Microeconomics >
General
|
LSN: |
0-691-63657-5 |
Barcode: |
9780691636573 |
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