The Core Theory in Economics
Problems and Solutions
Series: Routledge Frontiers of Political Economy; 79;
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Product details:
- Edition number 1
- Publisher Routledge
- Date of Publication 14 September 2006
- ISBN 9780415701440
- Binding Hardback
- No. of pages368 pages
- Size 234x156 mm
- Weight 725 g
- Language English
- Illustrations 36 Illustrations, black & white; 36 Line drawings, black & white; 11 Tables, black & white 0
Categories
Short description:
In this key title, Lester Telser, the world’s core theorist, explores several distinct areas to skilfully bring the ideas of core theory to bear on a range of issues within economics – with particular emphasis on supply and demand and the way markets function.
MoreLong description:
An important tenet of game theory, core theory has nonetheless been all but ignored by the mainstream. Its basic premise is that individuals band together in order to promote their interests as much as possible. The return to an individual depends on competition among various coalitions for its membership, and a group of people can obtain a joint maximum by suitable coordinated actions.
In this key title, Lester Telser investigates the following issues:
- Markets
- Multiproduct Industry Total Cost Functions with Avoidable Costs
- Critical Analyses of Noncooperative Equilibria.
Through these distinct sections, Telser skilfully brings the ideas of core theory to bear on a range of issues within economics – with particular emphasis on supply and demand and the way markets function.
MoreTable of Contents:
Part I: Introduction Part II: Markets Part III: Multiproduct Industry Total Cost Functions with Avoidable Costs Part IV: Critical Analyses of Noncooperative Equilibria
More
