Core Theory in Economics by Lester Telser
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Core Theory in Economics
By Lester Telser

The Core Theory in Economics

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Format: Hardback

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Core Theory in Economics by Lester Telser

Book 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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Book Details

ISBN: 9780415701440
ISBN-10: 0415701449
Format: Hardback
(234mm x 156mm x 28mm)
Pages: 400
Imprint: Routledge
Publisher: Taylor & Francis Ltd
Publish Date: 22-May-2006
Country of Publication: United Kingdom

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Books By Author Lester Telser


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Author Biography - Lester Telser

Lester G. Telser is Emeritus Professor Economics at the University of Chicago, USA.

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