by MuñozGarcia
ISBN: 9780262337175  Copyright 2017
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Contents (pg. v)  
Preface (pg. ix)  
Chapter 1  Preferences and Utility (pg. 1)  
Exercise #1  Checking properties of preference relations  I (pg. 1)  
Exercise #3  Monotonicity and strong monotonicity (pg. 15)  
Exercise #5  Convex preferences (pg. 16)  
Exercise #7  Monotonic transformations  I (pg. 17)  
Exercise #9  Lexicographic preference relation (pg. 18)  
Exercise #11  WARP and rationality (pg. 22)  
Exercise #13  Lexicographic preference and WARP (pg. 23)  
Exercise #15  Homogeneity and addition (pg. 24)  
Exercise #17  Quasihyperbolic discounting (pg. 24)  
Chapter 2  Demand Theory (pg. 29)  
Exercise #1  Finding Walrasian demands  I (pg. 29)  
Exercise #3  Finding Walrasian demand for the CES utility function (pg. 35)  
Exercise #5  Checking WARP (pg. 36)  
Exercise #7  WARP for undergrads  II (pg. 41)  
Exercise #9  An introduction to income and substitution effect with a quasilinear utility function (pg. 42)  
Exercise #11  Relationship between WARP and CLD (pg. 45)  
Exercise #13  Quasilinear preferences (pg. 47)  
Exercise #15  CES utility function (pg. 49)  
Exercise #17  Concavity of the support function (pg. 51)  
Exercise #19  Separable utility function (pg. 52)  
Exercise #21  StoneGeary utility function with three goods (pg. 53)  
Exercise #23  Properties of the expenditure function (pg. 55)  
Exercise #25  Duality: equivalence between the UMP and EMP (pg. 57)  
Exercise #27  Compensated (Hicksian) elasticities (pg. 58)  
Chapter 3  Applications of Demand Theory (pg. 61)  
Exercise #1  Taxes versus subsidies (pg. 61)  
Exercise #3  Compensating and equivalent variation (pg. 66)  
Exercise #5  Welfare measures with a quasilinear utility (pg. 70)  
Exercise #7  Consumer theory and welfare (pg. 73)  
Exercise #9  Using the compensating variation to identify price changes (pg. 78)  
Exercise #11  Finding the compensating and equivalent variation with little information (pg. 80)  
Exercise #13  Consumer and producer theory within the household (pg. 81)  
Exercise #15  Aggregation: properties of the social welfare function (pg. 84)  
Exercise #17  Gorman form for vi(piwi) (pg. 87)  
Exercise #19  Aggregate demand (pg. 89)  
Chapter 4  Production Theory (pg. 91)  
Exercise #1  Properties of a standard production function (pg. 91)  
Exercise #3  Increasing average product (pg. 95)  
Exercise #5  Average and marginal product  II (pg. 96)  
Exercise #7  Law of supply (pg. 97)  
Exercise #9  Shephard's lemma (pg. 97)  
Exercise #11  CES production function (pg. 98)  
Exercise #13  Output distribution between two plants (pg. 100)  
Exercise #15  Comparing two technologies (pg. 104)  
Chapter 5  Choice under Uncertainty (pg. 109)  
Exercise #1  Independence axiom (pg. 109)  
Exercise #3  von NeumannMorgenstern utility function (pg. 110)  
Exercise #5  Regret theory (pg. 112)  
Exercise #7  An introductory example on risk aversion (pg. 114)  
Exercise #9  Hyperbolic absolute risk aversion, HARA (pg. 116)  
Exercise #11  Investing in two different assets (pg. 118)  
Exercise #13  Secondorder stochastic dominance (pg. 120)  
Exercise #15  Coecient of risk aversion (pg. 121)  
Exercise #17  Non constant coecient of absolute risk aversion (pg. 121)  
Exercise #19  Coecient of absolute risk aversion and concave transformations (pg. 123)  
Exercise #21  Risk aversion (pg. 124)  
Exercise #23  Uncertainty about the future (pg. 126)  
Exercise #25  Uncertainty in production decisions (pg. 129)  
Chapter 6  Partial and General Equilibrium (pg. 133)  
Exercise #1  Equilibrium number of firms in perfectly competitive markets (pg. 133)  
Exercise #3  Per unit taxes versus ad valorem taxes (pg. 135)  
Exercise #5  Perfect competition with heterogeneous goods (pg. 137)  
Exercise #7  Finding offer curves for different preferences (pg. 138)  
Exercise #9  Pure exchange economy (pg. 140)  
Exercise #11  Gross substitutability and uniqueness of equilibrium (pg. 144)  
Exercise #13  Pareto allocations with externalities (pg. 145)  
Exercise #15  When goods are bads (pg. 147)  
Exercise #17  Excess demand in CobbDouglas preferences (pg. 152)  
Exercise #19  Excess demand functions: homogeneity and Walras' law (pg. 154)  
Exercise #21  Production economy (pg. 156)  
Exercise #23  Pareto and efficient allocations in the household (pg. 160)  
Exercise #25  Effect of distortionary taxes (pg. 165)  
Chapter 7  Monopoly (pg. 171)  
Exercise #1  Monopoly with linear inverse demand (pg. 171)  
Exercise #3  Subsidies to monopolists (pg. 172)  
Exercise #5  Monopoly with durable goods: leasing versus selling (pg. 173)  
Exercise #7  Seconddegree price discrimination (pg. 177)  
Exercise #9  Cost reducing investment (pg. 179)  
Exercise #11  Monopolist with intertemporal network effects (pg. 183)  
Chapter 8  Game Theory and Imperfect Competition (pg. 189)  
Exercise #1  A unique strategy profile that surviving IDSDS must also be NE (pg. 190)  
Exercise #3  Deletion order in IDSDS (pg. 190)  
Exercise #5  Equilibrium predictions from IDSDS versus IDWDS (pg. 191)  
Exercise #7  Four categories of simultaneousmove games (pg. 193)  
Exercise #9  Bayesian Nash equilibrium in the workplace (pg. 196)  
Exercise #11  Cournot with equity swaps (pg. 198)  
Exercise #13  Cournot competition with product differentiation (Deneckere 1983) (pg. 201)  
Exercise #15  Antitrust efforts and collusion (pg. 204)  
Exercise #17  Profitable and unprofitable mergers (pg. 205)  
Exercise #19  Fixed costs and discontinuities (pg. 207)  
Exercise #21  Strategic managerial incentives (pg. 210)  
Exercise #23  Fixed costs with collusion (Bernheim and Whinston 1990) (pg. 213)  
Exercise #25  Cournot game revisited (pg. 214)  
Exercise #27  Collusion with temporary reversion (pg. 216)  
Exercise #29  Impure forms of cooperation (pg. 217)  
Chapter 9  Externalities and Public Goods (pg. 219)  
Exercise #1  Externalities and car accidents (pg. 220)  
Exercise #3  Positive and negative externalities (pg. 224)  
Exercise #5  Regulating externalities under incomplete information (pg. 226)  
Exercise #7  Entry in the commons (pg. 232)  
Exercise #9  Voluntary contributions to a public good with CobbDouglas preferences (pg. 234)  
Exercise #11  Externalities in consumption (pg. 237)  
Exercise #13  Reference points in public good games (pg. 240)  
Exercise #15  Adding regulation to the Salant et al. (1984) model (pg. 242)  
Chapter 10  Contract Theory (pg. 247)  
Exercise #1  Moral hazard (pg. 247)  
Exercise #3  Moral hazardcontinuous probabilities (pg. 252)  
Exercise #5  Moral hazard with two periods (Hopenhayn and Nicolini 1997) (pg. 254)  
Exercise #7  Moral hazard under linear contracts (pg. 257)  
Exercise #9  Moral hazard in teams (Holmstrom 1982) (pg. 260)  
Exercise #11  Solving the lemons problem by offering quality certificates (pg. 263)  
Exercise #13  Principalagent problem (pg. 269)  
Exercise #15  A special type of principalagent problem (pg. 272)  
Exercise #17  Screeningmonopoly pricing (pg. 273)  
Exercise #19  Screening two types of customers (pg. 279)  
Exercise #21  Efficiency wages and the principalagent problem (Shapiro and Stiglitz 1984) (pg. 283)  
References (pg. 285) 
Felix MuñozGarcia is Associate Professor on the School of Economic Sciences at Washington State University.
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