Price Theory and Applications: Decisions, Markets, and Information

Featuring extensive coverage of information, uncertainty, and game theory, this volume is a new edition of a classic textbook in intermediate microeconomics. It contains over a hundred examples illustrating the applicability of economic analysis not only to mainline economic topics but also issues in politics, history, biology, the family, and many other areas. The text generally describes recent research published in scholarly books and articles, providing students with a good idea of the scientific work done by professional economists in a variety of areas. Jack Hirshleifer is Distinguished Professor of Economics, Emeritus at the University of California, Los Angeles Amihai Glazer is Professor of Economics at the University of California, Irvine David Hirshleifer holds the Ralph M. Kurtz Chair of Finance at The Ohio State University.

Jack Hirshleifer was a Fellow of the American Academy of Arts and Sciences and a Fellow of the Econometric Society. He served as Vice-President of the American Economic Association and as President of the Western Economic Association, and as a member of the Editorial Boards of the American Economic Review, the Journal of Economic Behavior and Organization, and of the new Journal of Bioeconomics. In 2000 he was elected a Distinguished Fellow of the American Economic Association.

Amihai Glazer is Professor of Economics at the University of California, Irvine. He formerly taught at the Hebrew University, Carnegie Mellon University, and the University of Tampere, Finland. The author of more than 80 articles in professional journals, Professor Glazer is coauthor with Jack Hirshleifer of the Fifth Edition of Price Theory and Applications, coauthor with Laurence Rothenberg of Why Government Succeeds and Why It Fails (2001), and coeditor with Kai Konrad of Conflict and Governance (2003). He is a coeditor of the journal Economics of Governance.

David Hirshleifer holds the Ralph M. Kurtz Chair of Finance at The Ohio State University. He previously taught at the Anderson School of UCLA and the University of Michigan Business School. The coauthor with Jack Hirshleifer of the Sixth Edition of Price Theory and Applications, David Hirshleifer has served as a director of the American Finance Association, editor of the Review of Financial Studies, and as associate editor or coeditor of several other journals in finance, economics, and corporate strategy. His papers have received a number of research awards, including the 1999 Smith-Breeden Award for the outstanding paper in the Journal of Finance.