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The Core Theory in Economics Lester Telser

The Core Theory in Economics By Lester Telser

The Core Theory in Economics by Lester Telser


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Summary

In this key title, Lester Telser, the world's core theorist, explores several distinct areas to skilfully bring 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.

The Core Theory in Economics Summary

The Core Theory in Economics: Problems and Solutions 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.

About Lester Telser

Lester G. Telser is Emeritus Professor Economics at the University of Chicago, USA.

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

Additional information

NPB9780415701440
9780415701440
0415701449
The Core Theory in Economics: Problems and Solutions by Lester Telser
New
Hardback
Taylor & Francis Ltd
2006-09-14
368
N/A
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