Cooperative Microeconomics : : A Game-Theoretic Introduction / / Hervé Moulin.

• Superior document: Title is part of eBook package: De Gruyter Princeton Legacy Lib. eBook Package 1980-1999
• VerfasserIn: Moulin, Hervé,
• Place / Publishing House: Princeton, NJ : : Princeton University Press, , [2014]; ©1995
• Year of Publication: 2014
• Edition: Course Book
• Language: English
• Series: Princeton Legacy Library ; 313
• Physical Description: 1 online resource (466 p.) :; 41 figures, 90 tables
• Other title: Frontmatter --; Contents --; Acknowledgements --; Overview of the Book --; CHAPTER 1. The Three Modes of Cooperation: Agreements, Decentralization, and Justice --; CHAPTER 2. Core and Competitive Equilibrium: One Good and Money --; CHAPTER 3. Core and Competitive Equilibrium: Multiple Goods --; CHAPTER 4. Fair Division: The No Envy Test --; CHAPTER 5. Fair Division: The Stand Alone Test --; CHAPTER 6. Production Externality Games --; CHAPTER 7. Cooperative Games --; Bibliography --; Index
• Format: Mode of access: Internet via World Wide Web.
• ISBN: 9781400864140; 9783110413441; 9783110413601; 9783110442496
• DOI: 10.1515/9781400864140
• Access: restricted access
• Hierarchical level: Monograph
• Statement of Responsibility: Hervé Moulin.

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. Hervé 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.Moulin proposes an elementary and self-contained exposition (supplemented by over 125 exercises) of the main cooperative concepts for microeconomic analysis, including core stability, deterministic solutions (such as the Shapley value), and several broad principles of equity (such as the No Envy and Stand Alone tests). The book also covers the most important failures of the decentralized behavior: the tragedy of the commons and the free rider problem in the provision of public goods. Cooperative Microeconomics is the first book of its kind, and it will be widely used in courses in microeconomics and game theory.Originally published in 1995.The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.