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Microeconomic Theory Microeconomic Theory edited by Larry Samuelson The Pennsylvania Slate University Kluwe .... Nijhoff Publishing a member of the Kluwer Academic Publishers Croup Boston-Dordrecht-Lancaster Dillributon for the United States and Canada: Klower Academic Poblishers. 190 Old Derby Street. Hingham, MA, 02043, USA for the UK and Ireland: Klower Academic Poblisl'te.s, MTP Press limited, Fakon House, Queen Sqoare, Lancaster LA1 1RN, UK for all other countries: Kuwer l Academic Publishers Croup, Distribotion Centre. P. O. Box 322, 3300 AH Dordrecht, The Netherlands librAry 01 COna'"' cmtosi", In Publiution DAtA Main entry under title: Microec;;onomic theory. (Recent economic thought) Includes inde_. l. MiU04!conomic;;s---Addresses, essays, IK tores. I. Samuelson, Larry. 19S3- II. Series HBl72.M59 1965 336.5 65-8072 1S8N-13: 978-94-010-8372-Q e-1S8N-13: 978-94-009-4219-6 001:10.1007/978-94-(109-.4219-6 COPf'ipl © 1_ by tclu ... ,..Nllho" Publhhipg Softcover reprint of the hardcover 1st edition 1986 No pArt of this boo': m.ay be produud in Iny fOml by print, photopr .... ', microfilm, or any 0 .... ' ''''CAM without wrinen permklion 01 lhe publither, kl..-r-Nijhol Publllhln&, 190 Old Derby 5ltHt, Hingham. MA 02043. Typeset by M.acmil';an .net ... ltd .. .... nsalol'i! Contents Contributing Authors vii Preface ix Acknowledgments xv Introduction: An Affirmative View of Microeconomic Theory larry Samuelson Alternatives to Expected Utility Theory for Risky Decisions 31 Peter C. Fishburn Consumer learning and Optimal Pricing Slrategies for Products 01 Unknown Quality 53 Patricia A. Coering 4 Rationality and Social Choice 79 Douglas H. Blair and Robert A. Pollak Resolution of Paradoxes in Social Choice 99 Taradas Bandyopadhyay 6 The Demand Reve.ling Mechanism 121 Rafael Rob 7 The Design of Efficient Resource Allocation Mechanisms 139 Parkash Chander 8 The Theory of Oargaining 159 Kalyan Chatterjee v
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