Quality Uncertainty and the Market for Lemons Market Signaling Moral Hazard The Principal-Agent Problem

General Equilibrium Analysis Efficiency in Exchange Equity and Efficiency Efficiency in Production

Stocks Versus Flows Present Discounted Value The vValue of Bond The Net Present Value Criterion for Capital Investment Decisions

Gaming and Strategic Decisions Dominant Strategies The Nash Equilibrium Revisited Repeated Games

Acid Test for Imperfect Competition Is Downward Tilt of Firm’s Demand Curve

Fixed Land Must Work for Whatever It Can Earn

Cost Curves for a Natural Monopolist

The Production Possibilitiesin a Graph

The Market System Relies on Supply and Demand to Solve the Trio of Economic Problems

Indifference Curves for a Pair of Goods