Microeconomic Foundations I develops the choice, price, and general equilibrium theory topics typically found in first …-year theory sequences, but in deeper and more complete mathematical form than most standard texts provide. The objective is to …

Microeconomic Foundations I develops the choice, price, and general equilibrium theory topics typically found in first …-year theory sequences, but in deeper and more complete mathematical form than most standard texts provide. The objective is to …

problem is typical of aggregation theory, as illustrated by the literature on the characterization of aggregate market demand …

biases affect the equilibrium asset price if investor demand for the asset is a nonlinear function of the bias. Second, even … if the demand function is linear in the bias, it may still have a significant impact on the equilibrium because of the …

an aggregation bias in any disaggregated data. … direction of the implied bias. Two results arise when the estimation accounts for the possibility of heterogeneity. First …, marginal costs become substantially more important in affecting inflation dynamics (i.e. heterogeneity induces a negative bias …

biases a¿ect the equilibrium asset price if investor demand for the asset is a nonlinear function of the bias. Second, even … if the demand function is linear in the bias, it may still have a significant impact on the equilibrium due to the …

This book provides a rigorous course to the theory of intermediate microeconomics. It includes not only the basic … traditional theory, but also a ¡°From the Literature¡± box in each chapter directing students to applications of the theory. The … theory is developed axiomatically, with optional sections using one-variable calculus included for interested readers. A …