Markets, Games, and Organizations
Subtitle: Essays in Honor of Roy Radner (Studies in Economic Design)
Contributors: Tatsuro Ichiishi (Editor); Thomas Marschak (Editor)
Edition: 1 edition
Publisher: Springer
Published: November 11, 2002
Language: eng
Format: Hardcover
Number of pages: 314
ISBN-13: 9783540438977
Subjects: Economic systems; Game theory; Economics; Business / Economics / Finance; Business & Economics; Business/Economics; Economics - General; Accounting - General; Economics - Theory; Encyclopedias; Business & Economics / Accounting / General; Business & Economics / Economics / Theory; Business & Economics : Economics - Theory; Reference : Encyclopedias; Business Mathematics
First sentence: In his Schwartz Memorial Lecture (1995) on Economic Survival, Radner started out with the following observations: "Standard textbooks on microeconomic theory typically ascribes to consumers the goal of maximizing "utility" and to firms the goal of maximizing "profit" or the "value of the firm".