Cooperative microeconomics
Subtitle: a game-theoretic introduction
By: Hervé Moulin.
Publisher: Princeton University Press
Published: 1995
Place of publication: Princeton, N.J
Language: eng
Number of pages: 454
Subjects: Microeconomics.; Game theory.; Equilibrium (Economics); Competition.
Description: Over the past fifty years game theory has had a major impact on the field of economics. It was for work in game theory that the 1994 Nobel Prize in Economics was awarded. Although non-cooperative game theory is better known, the theory of cooperative games has contributed a number of fundamental ideas to microeconomic analysis. Cooperative Microeconomics is the definitive textbook on these contributions.

Designed to be used by undergraduate and graduate students, the book provides a thorough introduction and overview of its subject. Herve Moulin distinguishes among three primary modes of cooperation: cooperation by direct agreements; cooperation by just, equitable compromise; and cooperation by decentralized behavior.

This tri-modal methodology is applied successively to the exchange of private goods, the fair division of unproduced commodities, the cooperative production of private and public goods, and cost-sharing.
Notes: Includes bibliographical references (p. [441]-450) and index.