Issues in Contemporary Microeconomics and Welfare

Front Matter....Pages i-xxviii
Some Perceptions and Tensions in Microeconomics: A Background....Pages 1-104
Front Matter....Pages 105-105
The Potentials and Limits of the Market in Resource Allocation....Pages 107-124
Information and Incentives in Designing Non-wasteful Resource Allocation Systems....Pages 125-168
Efficient Trading....Pages 169-208
Repeated Games....Pages 209-242
Front Matter....Pages 243-243
Reconsideration of Duopoly Theory: A Co-operative Perspective....Pages 245-280
The Oligopolistic Industry Under Rivalrous Consonance with Target-Rate-of-Return Objectives....Pages 281-308
Front Matter....Pages 309-309
Industry Structure Analysis and Public Policy....Pages 311-327
Monopoly and Sustainable Prices as a Nash Equilibrium in Contestable Markets....Pages 328-339
Modelling the Role of History in Industrial Organization and Competition....Pages 340-378
Allocation Mechanisms, Asymmetric Information and the ‘Revelation Principle’....Pages 379-394
Production Functions, Transactions Costs and the New Institutionalism....Pages 395-402
Front Matter....Pages 403-403
Welfare Economics....Pages 405-434
Some Fundamental Issues in Social Welfare....Pages 435-469
The Welfare Economics of Foreign Aid....Pages 470-483
The Technology of Joint Consumption....Pages 484-504
Back Matter....Pages 505-510