{"product_id":"competitive-agents-in-certain-and-robert-g-chambers-9780190063016","title":"Competitive Agents in Certain and Uncertain Markets","description":"For all its elaborate theories and models, economics always reduces to comparisons. Should we build A rather than B? Will I be better off if I eat D rather than C? How much will it cost me to produce F instead of E? At root, the ultimate goal of economics is simple: assessing the alternatives and finding the best possible outcome. This basic mathematical concept underlies all introductions to the field of economics, yet as advanced students progress through the discipline, they often lose track of this foundational idea when presented with real-world complications and uncertainty. \u003cp\u003e\u003c\/p\u003eIn \u003cem\u003eCompetitive Agents in Certain and Uncertain Markets\u003c\/em\u003e, Robert G. Chambers develops an integrated analytic framework for treating consumer, producer, and market equilibrium analyses as special cases of a generic optimization problem. He builds on lessons learned by all beginning students of economics to show how basic concepts can still be applied even in complex and highly uncertain conditions. Drawing from optimization theory, Chambers demonstrates how the same unified mathematical framework applies to both stochastic and non-stochastic decision settings. The book borrows from both convex and variational analysis and gives special emphasis to differentiability, conjugacy theory, and Fenchel's Duality Theorem. Throughout, Chambers includes practical examples, problems, and exercises to make abstract material accessible. \u003cp\u003e\u003c\/p\u003eBringing together essential theoretical tools for understanding decision-making under uncertainty, \u003cem\u003eCompetitive Agents in Certain and Uncertain Markets \u003c\/em\u003eprovides a unified framework for analyzing a broad range of microeconomic decisions. This book will be an invaluable resource for advanced graduate students and scholars of microeconomic theory.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e Robert G. Chambers\u003cbr\u003e\u003cb\u003eISBN-10:\u003c\/b\u003e 0190063017\u003cbr\u003e\u003cb\u003eISBN-13:\u003c\/b\u003e 9780190063016\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Oxford University Press, USA\u003cbr\u003e\u003cb\u003eLanguage:\u003c\/b\u003e English\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 05\/18\/2021\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 392\u003cbr\u003e\u003cb\u003eFormat:\u003c\/b\u003e Hardcover\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 1.50lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 9.30h x 5.90w x 1.30d","brand":"Robert G. Chambers","offers":[{"title":"Hardcover","offer_id":43943554908415,"sku":"9780190063016","price":82.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0662\/2982\/9887\/products\/img_532ed5e5-807a-4402-b283-8a9ce4d2d8ac.jpg?v=1681498757","url":"https:\/\/www.whiterainbookhouse.com\/products\/competitive-agents-in-certain-and-robert-g-chambers-9780190063016","provider":"WR Book House","version":"1.0","type":"link"}