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Your classic advanced microeconomic theory textbook delivering rigorous coverage of modern microeconomics.
- Sales Rank: #86122 in Books
- Brand: Brand: Prentice Hall
- Published on: 2011-04-30
- Original language: English
- Number of items: 1
- Dimensions: 9.70" h x 1.50" w x 7.40" l, 2.84 pounds
- Binding: Paperback
- 672 pages
Features
- Used Book in Good Condition
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 Arrow’s 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.
Most helpful customer reviews
13 of 13 people found the following review helpful.
I wish I knew about this book before grad micro...
By A Customer
The assigned text in my graduate micro theory class was Mas-Collel/Whinston/Green (MWG), a book that I couldn't wait to get rid of. However, I have a much better appreciation of MWG after having read Jehle and Reny (JR). JR is strong where MWG is weak and vice versa. JR provides a clear, self-contained introduction to key concepts in advanced micromicroeconomic theory but is not comprehensive in its coverage. MWG on the other hand is more terse and requires a greater level of math preparation, but is truly the encyclopedia of micro. Regarding the comments of the disappointed reader from Cambridge MA, it's true that there are not many applications in J&R, but that's not really the point of this book. As the title indicates, this is a theory book. Nicolson's or even Varian's intermediate texts are good places to look for applications. But for grad micro theory, I would recommend reading both JR and MWG, in that order.
27 of 31 people found the following review helpful.
The best book for Micro
By Aldo F. Ramirez
Firstable, this is a Graduate Micro book, nobody could properly say that it is not good if she is trying to get some stuff of this topic for the first time, this is not the goal of this book, it was created to make first year econ-grad students lives better.
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.
Aldo.
12 of 12 people found the following review helpful.
it iseasy to read and ordered
By Martin Harry Vargas Barrenechea
The book is quite intuitive, covers a lot of material that an beginning graduate student should know. Lot of exercises help a lot and just the most important theorems are proved in the text.
Seems to be quite similar to the Mass-Collel, Whinston and Green MWG text. MWG is a great book, but really needs a lot of work in special at the exercises and examples, being that cover a lot of material in some points there are so many assumptions for proofs that some of them are confusing and sometimes proofs are not complete. I feel this is the difference with this book, this books cares a bit more at the assumptions of theorems, somehow reorganizing much of the same content that appears at MWG and making some proofs less general but more harmonic with the content of the book.
I recomend it to use as a complement of MWG, that for me even considering the small bad points MWG continues being the best book for microeconomic theory.
See all 30 customer reviews...
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