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Price Theory and Applications

Price Theory and Applications - 7th edition

Price Theory and Applications - 7th edition

ISBN13: 9780521523424

ISBN10: 0521523427

Price Theory and Applications by Jack Hirshleifer, Amihai Glazer and David Hirshleifer - ISBN 9780521523424
Cover type: Paperback
Edition: 7TH 05
Copyright: 2005
Publisher: Cambridge University Press
Published: 2005
International: No
Price Theory and Applications by Jack Hirshleifer, Amihai Glazer and David Hirshleifer - ISBN 9780521523424

ISBN13: 9780521523424

ISBN10: 0521523427

Cover type: Paperback
Edition: 7TH 05

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This new seventh edition of the book offers extensive discussion of information, uncertainty, and game theory. 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. These discussions generally describe recent research published in scholarly books and articles, giving students a good idea of the scientific work done by professional economists. In addition, at appropriate places the text provides 'applications' representing more extended discussions of selected topics including rationing in wartime (Chapter 5), import quotas (Chapter 7), alleged monopolistic suppression of inventions (Chapter 9), minimum wage laws (Chapter 11), the effects of Social Security upon saving (Chapter 15), fair division of disrupted property (Chapter 16) and whether individuals should pay ransom to a kidnapper (Chapter 17).

  • Dozens of new examples, clearer and more direct writing, new chapters on information and uncertainty
  • Applications from economics are applied to issues in biology, law, anthropology, psychology, sociology, and other fields
  • Additional website, text comes with selected solutions to problem sets

Table of Contents

Table of Contents

1. The nature and scope of economics

2. Working tools

3. Utility and preference

4. Consumption and demand

5. Applications and extensions of demand theory

6. The business firm

7. Equilibrium in the product market - competitive industry

8. Monopolies, cartels, and networks

9. Product quality and product variety

10. Competition among the few: oligopoly and strategic behavior

11. Dealing with uncertainty - the economics of risk and information

12. The demand for factor services

13. Resource supply and factor-market equilibrium

14. Exchange, transaction costs, and money

15. The economics of time

16. Welfare economics: the market and the state

17. Government, politics, and conflict.

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