‘Advanced Microeconomic Theory’ remains a rigorous, up-to-date standard in microeconomics, giving all the core mathematics and modern theory the advanced student must master. This student-friendly text, with its efficient theorem-proof organization, and many examples and exercises, is uniquely effective in advanced courses.

• General equilibrium with contingent commodities
• Expanded treatment of social choice, with a simplified proof of Arrow’s theorem and complete, step-by-step development of the Gibbard-Satterthwaite theorem
• Extensive development of Bayesian games
• New section on efficient mechanism design in the quasi-linear utility, private values environment. The most complete and easy to follow presentation of any text.
• Over fifty new exercises.