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Price Theory and Applications - 7th edition

Price Theory and Applications (ISBN10: 0521523427; ISBN13: 9780521523424)
ISBN13: 978-0521523424
ISBN10: 0521523427

This edition has also been released as:
ISBN13: 978-0521818643
ISBN10: 0521818648

Summary: 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
...show more
Summary: 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
...show less

Edition/Copyright: 7TH 05
Cover: Paperback
Publisher: Cambridge University Press
Published: 08/31/2005
International: No

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