Price Theory and Applications Decisions, Markets, and Information [Paperback]

This seventh edition of the book offers extensive discussion of information, uncertainty, and game theory.This is a textbook in intermediate microeconomics, a required subject for economics majors in virtually all economics departments in the United States and other countries. Business schools also often cover the topic. The first edition of this book changed the way such textbooks are written, particularly by including scores of boxed examples illustrating real-world applications of the theory. In the meantime other authors have imitated Price Theory and Applications, but the text itself remains in the lead--owing to much more extended and detailed presentation of such examples, including applications of economic principles in fields such as biology and anthropology and politics.This is a textbook in intermediate microeconomics, a required subject for economics majors in virtually all economics departments in the United States and other countries. Business schools also often cover the topic. The first edition of this book changed the way such textbooks are written, particularly by including scores of boxed examples illustrating real-world applications of the theory. In the meantime other authors have imitated Price Theory and Applications, but the text itself remains in the lead--owing to much more extended and detailed presentation of such examples, including applications of economic principles in fields such as biology and anthropology and politics.Featuring extensive coverage of information, uncertainty, and game theory, this volume is a new edition of a classic textbook in intermediate microeconomics. It contains over a hundred examples illustrating the applicability of economic analysis not only to mainline economic topics but also issues in politics, history, biology, the family, and many other areas. The text generally describes recent research published in scholarly books and articles, providing students with a good idea of the scientific work done ls: