Advanced Microeconomic Theory, 3rd Edition by Philip J. Reny
by Philip J. Reny | Geoffrey A. Jehle (Author)
ISBN: 9780273731917
In preparing this third edition of our text, we wanted to provide long-time
readers with new and updated material in a familiar format, while offering
first-time readers an accessible, self-contained treatment of the essential
core of modern microeconomic theory.
To those ends, every chapter has been revised and updated. The
more significant changes include a new introduction to general equilibrium
with contingent commodities in Chapter 5, along with a simplified
proof of Arrow’s theorem and a new, careful development of the Gibbard-
Satterthwaite theorem in Chapter 6. Chapter 7 includes many refinements
and extensions, especially in our presentation on Bayesian games. The
biggest change – one we hope readers find interesting and useful – is
an extensive, integrated presentation in Chapter 9 of many of the central
results of mechanism design in the quasi-linear utility, private-values
environment.
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