Topics in Microeconomics (Graduate School)

 

 

Axiomatic Approaches in Various Settings

Single-person theories 

Utility Representation:

Mas-Colell, Whinston, Green (1995), "Microeconomic Theory" Oxford.

Varian H. (1984), "Microeconomic Analysis," Norton: Sec.3.1 "The Consumer's Preferences" (axiomatization of utility function).

 

Expected Utility Representation:

* Myerson (1991), "Game Theory," Harvard University Press: Sec. 1.1-1.6.

Savage, L.J. (1954), "The Foundations of Statistics," New York: John Wiley and Sons.

Anscombe, F.J. and R. J. Aumann (1963), "A Definition of Subjective Probability," Annals of Mathematics and Statistics, 34, 199-205.

 

Non-expected Utility:

Machina, M. (1987), "Choice under Uncertainty: Problems Solved and Unsolved," Economic Perspectives, 1, 121-154.

* Gilboa I. and D. Schmeidler (2004), "Maxmin Expected Utility with Non-Unique Prior," in Uncertainty in Economic Theory: Essays in Honor of David Schmeidler's 65th Birthday ed. by Gilboa.

 

Case-Based Decision Theory:

* Gilboa, I. and D. Schmeidler (1995), "Case-based Decision Theory," QJE.

* Gilboa, I. and D. Schmeidler (2003), "Inductive inference: An axiomatic approach," Econometrica, Vol 71, 1-26.

Gilboa, I. and D. Schmeidler (2001), "A Theory of Case-based Decisions," Cambridge University Press.

 

Multi-person theories 

Bargaining Problems: 

* Nash, J.F. (1950), "The Bargaining Problem," Econometrica, 18, 155-162.

* Kalai, E. and Smorodinsky M. (1975), "Other Solutions to Nash's Bargaining Problem," Econometrica, 43, 513-518.

Solution in Cooperative Game Theory:

* Shapley, L.S. (1997), "A Value for n-Person Games," in Classics in Game Theory ed. by H. Kuhn.

 

Social Choice and Mechanism Design

TBA

 

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