{"product_id":"general-equilibrium-and-game-theory-andreu-mas-colell-9780674728738","title":"General Equilibrium and Game Theory: Ten Papers","description":"\u003cp\u003eAndreu Mas-Colell revolutionized our understanding of competitive markets, price formation, and the behavior of market participants. \u003ci\u003eGeneral Equilibrium and Game Theory \u003c\/i\u003eoffers readers a compendium of his most important scholarly contributions, gathering in a single volume the groundbreaking papers that have solidified his standing as one of the preeminent economic theorists of our time. \u003c\/p\u003e\u003cp\u003e\u003c\/p\u003eBuilt upon the foundations of neoclassical economics, Mas-Colell's work is distinguished by a mathematical and analytical elegance that brings theory closer to real-world situations. He overturns the standard assumption of general equilibrium theory--that markets are perfectly competitive and their participants are perfectly rational--and concludes that neither the law of supply and demand nor the existence of equilibrium prices depends on the rationality of agents. Similarly, Mas-Colell (working with Sergiu Hart) challenges classical game theory's reliance on rational behavior, demonstrating that adaptation and learning shape the dynamics of repeated games. \u003cp\u003e\u003c\/p\u003eAddressing central questions of finance, trade, industrial organization, and welfare economics, Mas-Colell shows the surprising power and versatility of differentiability and linear-space mathematical techniques, and he emphasizes the fruitfulness of cooperative game-theory approaches, such as Shapley value theory and the Bargaining Set, for understanding competition and distribution. \u003ci\u003eGeneral Equilibrium and Game Theory \u003c\/i\u003eis a signal contribution to economic theory and an invaluable resource for anyone wishing to study the craft of a master of economic modeling.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e Andreu Mas-Colell\u003cbr\u003e\u003cb\u003eISBN-10:\u003c\/b\u003e 0674728734\u003cbr\u003e\u003cb\u003eISBN-13:\u003c\/b\u003e 9780674728738\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Harvard University Press\u003cbr\u003e\u003cb\u003eLanguage:\u003c\/b\u003e English\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 01\/04\/2016\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 256\u003cbr\u003e\u003cb\u003eFormat:\u003c\/b\u003e Hardcover\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 1.10lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 9.30h x 6.30w x 0.90d","brand":"Andreu Mas-Colell","offers":[{"title":"Hardcover","offer_id":43925565931775,"sku":"9780674728738","price":60.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0662\/2982\/9887\/products\/img_b879984f-5839-484a-a9ec-7c239e8ea67f.jpg?v=1681078028","url":"https:\/\/www.whiterainbookhouse.com\/products\/general-equilibrium-and-game-theory-andreu-mas-colell-9780674728738","provider":"WR Book House","version":"1.0","type":"link"}