ENGLISH

The Core Theory in Economics: Problems and Solutions

By Lester Telser

Book information

Publisher
Routledge
Year
2006
ISBN
0415701449, 9780415701440
Language
english
Format
PDF
Filesize
2 MB (1822071 bytes)
Series
Routledge Frontiers of Political Economy
Edition
1
Pages
400\395
Scanned
yes
Time added
2016-04-16 15:19:13
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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.

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