Advanced Microeconomic TheoryProvides extra instruction in the mathematics of modern microeconomics, enabling students to gain a sophisticated command of the material. Content includes chapters on information economics, integrated with material on game theory and classical theory. The text emphasizes the role of information in market performance, with many examples and exercises. |
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allocation assumption Axiom behavior budget balancedness bundle choice choose concave function consider constraint consumer's continuous convex combination convex set defined definition demand functions denote differentiable domain economy equal example expected utility expenditure function extensive form game Figure finite firm first-order conditions Hicksian demand homogeneous of degree implies income indifference curve indirect utility function inequality information set input insurance company Lagrangian level set Marshallian demand matrix maximization maximum Nash equilibrium negative semidefinite node nonnegative objective function open set optimal outcome output p₁ Pareto-efficient partial derivatives payoff player preference relation problem profits proof properties pure strategy quasiconcave real-valued function risk aversion satisfies simple gamble Slutsky social solution solve strictly increasing subgame perfect subgame perfect equilibrium subset substitution suppose Theorem variable vector VNM utility function Walrasian equilibrium zero др