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Description - The Core Theory in Economics by Lester Telser

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 mm)
Pages: 368
Imprint: Routledge
Publisher: Taylor & Francis Ltd
Publish Date: 25-Sep-1995
Country of Publication: United Kingdom

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Author Biography - Lester Telser

University of Chicago, Illinois, USA

Books By Lester Telser

Core Theory in Economics by Lester Telser
Paperback, January 2009