1st Edition

The Core Theory in Economics Problems and Solutions

By Lester Telser Copyright 2007
394 Pages 36 B/W Illustrations
by Routledge

368 Pages 36 B/W Illustrations
by Routledge

368 Pages 36 B/W Illustrations
by Routledge

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.... Read more

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

Biography

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