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. Markus Thomas Münter erklärt strategische Entscheidungen mit anwendungsorientierter mikroökonomischer Theorie. Empirische …
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Basic decision and preference theory -- Household theory and theory of the firm -- Games and industrial organization … -- Bargaining theory and Pareto optimality -- Bayesian games and mechanism design -- Perfect competition and competition policy … carefully graded approach where basic game theory concepts are already explained within the simpler decision framework. The …
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Classical microeconomics is intended to explain how a price system is able to coordinate the economic agents. But even if it can be extended to incomplete information and externalities, it remains grounded on very heroic assumptions. Agents are endowed with a very strong rationality, equilibrium...
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