Chapter 29 NAME_
Introduction. As we have seen, some games do not have a Nash equi-
librium in pure strategies. But if we allow for the possibility of Nash
equilibrium in mixed strategies, virtually every game of the sort we are
Chapter 27 NAME_._._
Introduction. In this chapter you will solve problems for rm and indus-
try outcomes when the rms engage in Cournot competition, Stackelberg
competition, and other sorts of oligopoly behavior. In Cournot competi-
Chapter 31 NAML_
Introduction. The Edgewor'th box is a thing of beauty. An amazing
amount of information is displayed with a few lines, points and curves.
In fact one can use an Edgeworth box to show just about everything
there is to say about th
Chapter 14 NAM;_
Introduction. In this chapter you will study ways to measure a con-
sumers valuation of a good given the consumers demand curve for it.
The basic logic is as follows: The height of the demand curve measures
how much the
Chapter 9 NAMEHm
Buying and Selling
Introduction. In previous chapters, we studied the behavior of con-
sumers who start out without owning any goods, but who had some money
with which to buy goods. In this chapter, the consumer has an initial en-
I Chapter 10 NAMF_,_.
Introduction. The theory of consumer saving uses techniques that you
have already learned. In order to focus attention on consumption over
time, we will usually consider examples where there is only one consumer
Chapter 11 NAME_
Introduction. The fundamental equilibrium condition for asset markets
is that in equilibrium the rate of return on all assets must be the same.
Thus if you know the rate of interest and the cash ow generated by an
Chapter 3 NAME_
Introduction. In the previous section you learned how to use graphs to
show the set of commodity bundles that a consumer can afford. In this
section, you learn to put information about the consumers preferences on
the same kind
7 Chapter 6 NAME
Introduction. In the previous chapter, you found the commodity bundle
that a consumer with a given utility function would choose in a specific
price-income situation. In this chapter, we take this idea a step further.
We nd demand
Chapter 12 NAME.
. Introduction. In Chapter 11, you learned some tricks that allow you to
use techniques you already know for studying intertemporal choice. Here
you will learn some similar tricks, so that you can use the same methods
Chapter 7 NAME_.
Introduction. In the last section, you were given a consumers pref-
erences and then you solved for his or her demand behavior. In this
chapter we turn this process around: you are given information about a
Chapter 4 NAME_._._
introduction. In the previous chapter, you learned about preferences
and indifference curves. Here we study another way of describing prefer-
ences, the utility function. A utility function that represents a persons