Lecture Notes in Microeconomic Theory

  title={Lecture Notes in Microeconomic Theory},
  author={Ariel Rubinstein},
A set of lecture notes for the first quarter of a graduate microeconomics class, based on classes taught by the author at Tel Aviv, Princeton, and New York Universities. 
A heterodox teaching of neoclassical microeconomic theory
In this article, I advocate a different way to teach neoclassical microeconomic theory to graduate students in heterodox programs that accomplishes the goals of providing them with a critical andExpand
Default Bias in Extended Choice Rules
In this paper we provide a reader friendly axiomatic characterization of the default bias extended choice rule, in the framework available in lecture 3 of Rubinstein (2016).
On recursive solutions to simple allocation problems
We propose and axiomatically analyze a class of rational solutions to simple allocation problems where a policy-maker allocates an endowment E among n agents described by a characteristic vector c.Expand
Combining loss aversion with the standard economic model.
When I followed the micro economic courses in my first and second years of my study, I was fascinated by the explanatory power on behavior many of these micro models seemed to have. My first feelingExpand
Generalized gradients, bid–ask spreads, and market equilibrium
Abstract This paper considers economies in which each agent valuates various goods by own generalized gradients. Taken together and appropriately scaled, the latter determine bid–ask spreads. WhenExpand
The competition and evolution of ideas in the public sphere: a new foundation for institutional theory
Abstract This paper advances and defends the proposition that the basis for the evolution of institutions is the evolution and competition of ideas in the public sphere. This is based on a deeperExpand
Individual Decision Making: Implications of Herd Behavior
The main objective of this paper is to present the implications for individual behavior of herd behavior understanding it as a social heuristic that in certain situations can allow to make decisions.Expand
Human capital investments in asymmetric corporate tournaments
We consider a tournament between two workers of different abilities who choose both human capital investment and effort. The employer can influence the workers' behavior by determining the sequenceExpand
A formal psychological theory for evolutionary economics
The purpose of this paper is to seek to rise to the challenge posed by Harstad and Selten by providing a single unifying model of the psychological processes underlying the behaviour which drives theExpand
IN THIS ARTICLE we analyze the theories of utility put forth by Rothbard (2004) and Kirzner (1963). While both authors are strongly influenced by Mises’ (1998) conception of the utility of a goodExpand


Solutions manual for Microeconomic theory : Mas-Colell, Whinston and Green
A Solutions Manual, containing solutions to all end-of chapter questions for MICROECONOMIC THEORY by Mas-Colell, Whinston and Green. It is supplied only to those who are adopting the text, and isExpand
A Revision of Demand Theory
This landmark work by Nobel Prize winner J.R. Hicks, A Revision of Demand Theory, is now available again. Expand
A Sceptic's Comment on the Study of Economics
A survey was carried out among two groups of undergraduate economics students and four groups of students in mathematics, law, philosophy and business administration. The main survey questionExpand
A Behavioral Model of Rational Choice
Introduction, 99. — I. Some general features of rational choice, 100.— II. The essential simplifications, 103. — III. Existence and uniqueness of solutions, 111. — IV. Further comments on dynamics,Expand
This paper concerns utility functions for money. A measure of risk aversion in the small, the risk premium or insurance premium for an arbitrary risk, and a natural concept of decreasing riskExpand
Law of Demand
We formulate several laws of individual and market demand and describe their relationship to neoclassical demand theory. The laws have implications for comparative statics and stability ofExpand
Value and Capital
LEAVING aside the courageous efforts of people around Monthly Review and Science and Society there has, by and large, been hardly any Marxist tradition among American intellectuals. However, duringExpand
Increasing risk: I. A definition
This paper attempts to answer the question: When is a random variable Y “more variable” than another random variable X?
The organization of decentralized information processing
The author characterizes efficient networks for both one-shot and repeated regimes, as well as the corresponding 'production function' relating the number of items processed to the number-of- processors and the delay. Expand
A note on the extension of an order on a set to the power set
Abstract The problem of extending an order on a set to the power set arises quite frequently in social choice theory. An axiomatic treatment of this problem is provided by this note. In particular,Expand