Topics in Microeconomics

Topics in Microeconomics

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This book in microeconomics focuses on the strategic analysis of markets under imperfect competition, incomplete information, and incentives. Part I of the book covers imperfect competition, from monopoly and regulation to the strategic analysis of oligopolistic markets. Part II explains the analytics of risk, stochastic dominance, and risk aversion, supplemented with a variety of applications from different areas in economics. Part III focuses on markets and incentives under incomplete information, including a comprehensive introduction to the theory of auctions, which plays an important role in modern economics.Relative markups of selected cars, year 1990 Markup (%) Source: Verboven ( 1996). ... of the time inconsistency of optimal intertemporal price discrimination, also known as the durable-goods monopoly problem, and later in the book when we deal with optimal auctions. ... Model Belgium France Germany Italy U.K. Nissan Micra 8.1 23.1 8.9 36.1 12.5 Fiat Tipo Toyota Corolla VW Golf 8.4 9.7 9.3 9.2 19.6anbsp;...

Title:Topics in Microeconomics
Author: Elmar Wolfstetter
Publisher:Cambridge University Press - 1999-10-28

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