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Prices and Quantities Rakesh V. Vohra (University of Pennsylvania)

Prices and Quantities By Rakesh V. Vohra (University of Pennsylvania)

Prices and Quantities by Rakesh V. Vohra (University of Pennsylvania)


$17.99
Condition - Very Good
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Summary

Rakesh V. Vohra offers a unique approach to intermediate microeconomics that reverses the conventional order of topics and provides substantive examples and novel practice problems with solutions. The book is suitable for students taking intermediate microeconomics worldwide in economics programs or in M.B.A. programs.

Prices and Quantities Summary

Prices and Quantities: Fundamentals of Microeconomics by Rakesh V. Vohra (University of Pennsylvania)

Rakesh V. Vohra offers a unique approach to studying and understanding intermediate microeconomics by reversing the conventional order of treatment, starting with topics that are mathematically simpler and progressing to the more complex. The book begins with monopoly, which requires single variable rather than multivariable calculus and allows students to focus clearly on the fundamental trade-off at the heart of economics: margin versus volume. Imperfect competition and the contrast with monopoly follows, introducing the notion of Nash equilibrium. Perfect competition is addressed toward the end of the book, and framed as a model of non-strategic behavior by firms and agents. The last chapter is devoted to externalities, with an emphasis on how one might design competitive markets to price externalities and linking the difficulties to the problem of efficient provision of public goods. Real-life examples engage the reader while encouraging them to think critically about the interplay between model and reality.

Prices and Quantities Reviews

'A leader in the field provides a readable but rigorous introduction to microeconomics with clear, mathematical arguments that students will depend on to fill conceptual gaps in their understanding of economic markets.' Paul Klemperer, Edgeworth Professor of Economics, University of Oxford
'This beautifully written textbook gives a masterfully innovative development of modern intermediate microeconomics, elegantly and concisely building core principles by moving from monopoly to imperfect competition and basic game theory, then to consumer theory and general equilibrium. Woven throughout are compelling and engaging examples drawn from classics, history, literature, and current events, making it as enjoyable to read as it is instructive, and ideally suited for learning modern economics.' Chris Shannon, University of California, Berkeley

About Rakesh V. Vohra (University of Pennsylvania)

Rakesh V. Vohra is the George A. Weiss and Lydia Bravo Weiss University Professor at the University of Pennsylvania. He is the author of Principles of Pricing: An Analytical Approach (with Lakshman Krishnamurthi, 2012) and Mechanism Design: A Linear Programming Approach (2011).

Table of Contents

Preface; 1. Introduction; 2. Margin vs volume; 3. Price discrimination; 4. Competition; 5. Preferences and utility; 6. Perfect competition; 7. Externalities and public goods; Appendix A. Optimization; Index.

Additional information

GOR012643751
9781108715690
1108715699
Prices and Quantities: Fundamentals of Microeconomics by Rakesh V. Vohra (University of Pennsylvania)
Used - Very Good
Paperback
Cambridge University Press
2020-02-17
220
N/A
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
This is a used book - there is no escaping the fact it has been read by someone else and it will show signs of wear and previous use. Overall we expect it to be in very good condition, but if you are not entirely satisfied please get in touch with us

Customer Reviews - Prices and Quantities