The Core Theory in Economics: Problems and Solutions by Lester TelserThe Core Theory in Economics: Problems and Solutions by Lester Telser

The Core Theory in Economics: Problems and Solutions

byLester TelserEditorLester Telser

Paperback | January 30, 2009

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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.

Lester G. Telser is Emeritus Professor Economics at the University of Chicago, USA.
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Title:The Core Theory in Economics: Problems and SolutionsFormat:PaperbackDimensions:396 pages, 9.21 × 6.14 × 1 inPublished:January 30, 2009Publisher:Taylor and FrancisLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:041549365X

ISBN - 13:9780415493659

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Table of Contents

Part I: Introduction  Part II: Markets  Part III: Multiproduct Industry Total Cost Functions with Avoidable Costs  Part IV: Critical Analyses of Noncooperative Equilibria