Journals Higher Education



Published: 27 February 2014

240 Pages


ISBN: 9780199334261

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Bookseller Code (AE)

Bounded Rationality and Industrial Organization

Ran Spiegler

  • The first theory-oriented textbook since Ariel Rubinstein's 1998 book Modeling Bounded Rationality
  • The first synthesis of market models with boundedly rational consumers, with potential implications for consumer protection policies
  • Analyzes a small set of simple yet rich models, mostly with complete and rigorous proofs
  • Provides an intellectual background for policy makers' thoughts regarding consumer protection, in analogy to the role that conventional industrial organization theory plays in anti-trust policies
  • The first proper graduate-level textbook treatment of the relevant theoretical developments in the last 10-15 years

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