Current research in microeconomics is progressing at a rapid pace on a number of fronts. While its present importance and future significance is considerable this work, of necessity, sees the light of day at present only in academic journals in a language which has tended to make it inaccessible to the undergraduate economist. This book makes these exciting developments accessible to a wider audience. Each chapter is specially commissioned and written by a leading expert in a clear, accessible and lively style.
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