📢#OutNow in #OA: 'Models in #Microeconomic Theory: Expanded Second Edition (She & He)' by Martin J. Osborne & Ariel Rubinstein.

Part I presents models of an #economic agent, discussing abstract models of preferences, choice, and decision-making under uncertainty, before turning to models of the #consumer, the #producer, and #monopoly. Part II introduces the concept of #equilibrium, beginning, unconventionally, with the models of the jungle and an #economy with indivisible goods, and continuing with models of an exchange economy, equilibrium with rational expectations, and an #economy with asymmetric information. Part III provides an introduction to #gametheory, covering #strategic and extensive #games and the concepts of #Nash #equilibrium and #subgame perfect equilibrium. Part IV gives a taste of the topics of #mechanismdesign, #matching, the #axiomatic analysis of #economic systems, and #socialchoice.

https://doi.org/10.11647/OBP.0361
https://doi.org/10.11647/OBP.0362