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Microeconomic Theory
Microeconomic Theory
edited by
Larry Samuelson
The Pennsylvania Slate University
Kluwe
.... Nijhoff Publishing
a member of the Kluwer Academic Publishers Croup
Boston-Dordrecht-Lancaster
Dillributon
for the United States and Canada: Klower Academic Poblishers. 190 Old
Derby Street. Hingham, MA, 02043, USA
for the UK and Ireland: Klower Academic Poblisl'te.s, MTP Press limited,
Fakon House, Queen Sqoare, Lancaster LA1 1RN, UK
for all other countries: Kuwer l Academic Publishers Croup, Distribotion
Centre. P. O. Box 322, 3300 AH Dordrecht, The Netherlands
librAry 01 COna'"' cmtosi", In Publiution DAtA
Main entry under title:
Microec;;onomic theory.
(Recent economic thought)
Includes inde_.
l. MiU04!conomic;;s---Addresses, essays, IK tores.
I. Samuelson, Larry. 19S3- II. Series
HBl72.M59 1965 336.5 65-8072
1S8N-13: 978-94-010-8372-Q e-1S8N-13: 978-94-009-4219-6
001:10.1007/978-94-(109-.4219-6
COPf'ipl © 1_ by tclu ... ,..Nllho" Publhhipg
Softcover reprint of the hardcover 1st edition 1986
No pArt of this boo': m.ay be produud in Iny fOml by print, photopr .... ',
microfilm, or any 0 .... ' ''''CAM without wrinen permklion 01 lhe
publither, kl..-r-Nijhol Publllhln&, 190 Old Derby 5ltHt, Hingham. MA
02043.
Typeset by M.acmil';an .net ... ltd .. .... nsalol'i!
Contents
Contributing Authors vii
Preface ix
Acknowledgments xv
Introduction: An Affirmative View of Microeconomic Theory
larry Samuelson
Alternatives to Expected Utility Theory for Risky Decisions 31
Peter C. Fishburn
Consumer learning and Optimal Pricing Slrategies for Products 01
Unknown Quality 53
Patricia A. Coering
4
Rationality and Social Choice 79
Douglas H. Blair and Robert A. Pollak
Resolution of Paradoxes in Social Choice 99
Taradas Bandyopadhyay
6
The Demand Reve.ling Mechanism 121
Rafael Rob
7
The Design of Efficient Resource Allocation Mechanisms 139
Parkash Chander
8
The Theory of Oargaining 159
Kalyan Chatterjee
v
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