Advanced Microeconomic Theory, 3rd Edition by Philip J. Reny

Advanced Microeconomic Theory, 3rd Edition by Philip J. Renyby Philip J. Reny | Geoffrey A. Jehle (Author)ISBN: 9780273731917In preparing this third edition of our text, we wanted to provide long-timereaders with new and updated material in a familiar format, while offeringfirst-time readers an accessible, self-contained treatment of the essentialcore of modern microeconomic theory.To those ends, every chapter has been revised and updated. Themore significant changes include a new introduction to general equilibriumwith contingent commodities in Chapter 5, along with a simplifiedproof of Arrow?s theorem and a new, careful development of the Gibbard-Satterthwaite theorem in Chapter 6. Chapter 7 includes many refinementsand extensions, especially in our presentation on Bayesian games. Thebiggest change ? one we hope readers find interesting and useful ? isan extensive, integrated presentation in Chapter 9 of many of the centralresults of mechanism design in the quasi-linear utility, private-valuesenvironment.