This book is well known for its coverage of modern topics (Game theory, Economics of Information, and Behavioral Economics), clarity of its writing style and graphs, and integrated use of real world examples. The emphasis on relevance and application to both managerial and public-policy decision-making are focused goals of the book. This emphasis is accomplished by including MANY extended examples that cover such topics as the analysis of demand, cost, and market efficiency; the design of pricing strategies; investment and production decisions; and public policy analysis. Economists and strategists looking to stay current with economic information.
New edition of a text that stresses the relevance and application of microeconomic theory to both managerial and public-policy decision making. Incorporating the dramatic changes that have occurred in the field in recent years, Pindyck (Massachusetts Institute of Technology) and Rubinfeld (U. of California) present 18 chapters that discuss markets and prices; producers, consumers, and competitive markets; market structure and competitive strategy; and information, market failure, and the role of government. Contains 107 extended examples that cover topics such as the analysis of demand, cost, and market efficiency; the design of pricing, strategies; investment and production decisions; and public policy analysis. Annotation c. Book News, Inc., Portland, OR (booknews.com)