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Bounded rationality and industrial organization [electronic resource] / Ran Spiegler.

By: Material type: TextTextPublication details: New York ; Oxford : Oxford University Press, c2011.Description: 1 online resource (ix, 222 p.)ISBN:
  • 9780199896790 (ebook) :
Subject(s): Additional physical formats: Print version: No titleDDC classification:
  • 658.8342 23
LOC classification:
  • HF5415.32
Online resources: Summary: Although the challenge of enriching the psychology of decision makers in economic models has been at the frontier of theoretical research in the last decade, there has been no graduate-level, theory-oriented textbook to cover developments in the last 10-15 years. Thus, Bounded Rationality and Industrial Organization offers a welcome and crucial new understanding of market behavior-it challenges conventional wisdom in ways that are interesting and economically significant, and which in the end effect the well-being of all market participants.
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Although the challenge of enriching the psychology of decision makers in economic models has been at the frontier of theoretical research in the last decade, there has been no graduate-level, theory-oriented textbook to cover developments in the last 10-15 years. Thus, Bounded Rationality and Industrial Organization offers a welcome and crucial new understanding of market behavior-it challenges conventional wisdom in ways that are interesting and economically significant, and which in the end effect the well-being of all market participants.

Description based on print version record.

Includes bibliographical references and index.

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