- Paperback: 672 pages
- Publisher: Pearson Education; 3 edition (1 December 2010)
- Language: English
- ISBN-10: 0273731912
- ISBN-13: 978-0273731917
- Product Dimensions: 18.8 x 3.6 x 24.6 cm
- Boxed-product Weight: 1.3 Kg
- Average Customer Review: Be the first to review this item
- Amazon Bestsellers Rank: 57,149 in Books (See Top 100 in Books)
Advanced Microeconomic Theory Paperback – 1 Dec 2010
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From the Back Cover
The classic text in advanced microeconomic theory, revised and expanded.
Advanced Microeconomic Theory remains a rigorous, up-to-date standard in microeconomics, giving all the core mathematics and modern theory the advanced student must master.
Long known for careful development of complex theory, together with clear, patient explanation, this student-friendly text, with its efficient theorem-proof organization, and many examples and exercises, is uniquely effective in advanced courses.
New in this edition
- General equilibrium with contingent commodities
- Expanded treatment of social choice, with a simplified proof of Arrows theorem and complete, step-by-step development of the Gibbard-Satterthwaite theorem
- Extensive development of Bayesian games
- New section on efficient mechanism design in the quasi-linear utility, private values environment. The most complete and easy to follow presentation of any text.
- Over fifty new exercises.
Essential reading for students at Masters level, those beginning a Ph.D and advanced undergraduates. A book every professional economist wants in their collection.
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Most helpful customer reviews on Amazon.com
Varian, MWG (Mas-Collel, Whinstron, Green) are the two other commonly used books.
MWG is of course, the most detailed book. But the notation can be dense and hence it takes time to get familiar with it.
I found Jehle and Reny to have the most intuitive explanations and the notation take less effort and time to get used to. Also, the appendix is perhaps the best one out there. One review of the appendix will help some have an initial understanding of the most common mathematical techniques used for Microeconomics.
I used MWG (Mas Colell) for the first semester Micro of the Phd program and most of my partners and I hated it, it is so complicated and has some excessive and wording detail for even simple things, however I should recognize that it is more complete than the rest of books, now in the second Micro we're using Jehle and Reny and we love it, to be honest this is the best book in Micro now (according to my knowledge and point of view), we also use Silberberg sometimes (very good) and Varian (has a lot of gaps even though it is easy to understand too) but this is the best, it is not probably as complete as MWG but it is more neat, precise and far more understandable, general equilibrium part has one third of the pages of MWG but it is better, it doesn't have Offer curves neither other minor things but the proofs of existence of Walrasian equilibrium and the welfare theorems are incredibly powerful and far shorter than those of MWG. For Game Theory it is also very very good, clear and precise without excessive wording.
I almost forgot....the Math appendix is the best I've ever found in any other Micro book, it gives you precisely what you need to get into the business.
This book is like "pure gold" no regrets of any kind.