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The Core Theory in Economics by Lester Telser
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The Core Theory in Economics

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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.

Author Biography:

Lester G. Telser is Emeritus Professor Economics at the University of Chicago, USA.
Release date NZ
January 30th, 2009
Author
Audiences
  • General (US: Trade)
  • Tertiary Education (US: College)
Illustrations
11 Tables, black and white; 36 Line drawings, black and white; 36 Illustrations, black and white
Pages
394
Dimensions
156x234x21
ISBN-13
9780415493659
Product ID
2934176

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