Your classic advanced microeconomic theory textbook delivering rigorous coverage of modern microeconomics.

'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. This student-friendly text, with its efficient theorem-proof organization, and many examples and exercises, is uniquely effective in advanced courses.

PREFACE

PART 1: ECONOMIC AGENTS

CHAPTER 1: CONSUMER THEORY

1.1 Primitive Notions

1.2 Preferences and Utility

1.2.1 Preference Relations

1.2.2 The Utility Function

1.3 The Consumer's Problem

1.4 Indirect Utility and Expenditure

1.4.1 The Indirect Utility Function

1.4.2 The Expenditure Function

1.4.3 Relations Between the Two

1.5 Properties of Consumer Demand

1.5.1 Relative Prices and Real Income

1.5.2 Income and Substitution Effects

1.5.3 Some Elasticity Relations

1.6 Exercises

CHAPTER 2: TOPICS IN CONSUMER THEORY

2.1 Duality: A Closer Look

2.1.1 Expenditure and Consumer Preferences

2.1.2 Convexity and Monotonicity

2.1.3 Indirect Utility and Consumer Preferences

2.2 Integrability

2.3 Revealed Preference

2.4 Uncertainty

2.4.1 Preferences

2.4.2 Von Neumann-Morgenstern Utility

2.4.3 Risk Aversion

2.5 Exercises

CHAPTER 3: THEORY OF THE FIRM

3.1 Primitive Notions

3.2 Production

3.2.1 Returns to Scale and Varying Proportions

3.3 Cost

3.4 Duality in Production

3.5 The Competitive Firm

3.5.1 Profit Maximisation

3.5.2 The Profit Function

3.6 Exercises

PART 2: MARKETS AND WELFARE

CHAPTER 4: PARTIAL EQUALIBRIUM

4.1 Perfect Competition

4.2 Imperfect Competition

4.2.1 Cournot Oligopoly

4.2.2 Bertrand Oligopoly

4.2.3 Monopolistic Competition

4.3 Equilibrium and Welfare

4.3.1 Price and Individual Welfare

4.3.2 Efficiency of the Competitive Outcome

4.3.3 Efficiency and Total Surplus Maximisation

4.4 Exercises

CHAPTER 5: GENERAL EQUALIBRIUM

5.1 Equilibrium in Exchange

5.2 Equilibrium in Competitive Market Systems

5.2.1 Existence of Equilibrium

5.2.2 Efficiency

5.3 Equilibrium in Production

5.3.1 Producers

5.3.2 Consumers

5.3.3 Equilibrium

5.3.4 Welfare

5.4 Contingent Plans

5.4.1 Time

5.4.2 Uncertainty

5.4.3 Walrasian Equilibrium with Contingent Commodities

5.5 Core and Equilibria

5.5.1 Replica Economies

5.6 Exercises

CHAPTER 6: SOCIAL CHOICE AND WELFARE

6.1 The Nature of the Problem

6.2 Social Choice and Arrow's Theorem

6.2.1 A Diagrammatic Proof

6.3 Measurability, Comparability, and Some Possibilities

6.3.1 The Rawlsian Form

6.3.2 The Utilitarian Form

6.3.3 Flexible Forms

6.4 Justice

6.5 Social Choice and the Gibbard-Satterthwaite Theorem

6.6 Exercises

PART 3: STRATEGIC BEHAVIOUR

CHAPTER 7: GAME THEORY

7.1 Strategic Decision Making

7.2 Strategic Form Games

7.2.1 Dominant Strategies

7.2.2 Nash Equilibrium

7.2.3 Incomplete Information

7.3 Extensive Form Games

7.3.1 Game Trees: A Diagrammatic Representation

7.3.2 An Informal Analysis of Take-Away

7.3.3 Extensive Form Game Strategies

7.3.4 Strategies and Payoffs

7.3.5 Games of Perfect Information and Backward Induction Strategies

7.3.6 Games of I