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Prices and Quantities PDF
By:Rakesh V. Vohra
Published on 2020-02-29 by Cambridge University Press

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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.

This Book was ranked at 15 by Google Books for keyword Microeconomics.

Book ID of Prices and Quantities's Books is R0lXyQEACAAJ, Book which was written byRakesh V. Vohrahave ETAG "KCzud6GDQOY"

Book which was published by Cambridge University Press since 2020-02-29 have ISBNs, ISBN 13 Code is 9781108715690 and ISBN 10 Code is 1108715699

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