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Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 58
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Book Description
Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 58
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Book Description
Author: Jerry S. Kelly
Publisher: Springer Science & Business Media
ISBN: 366209925X
Category : Business & Economics
Languages : en
Pages : 174
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Book Description
This is a textbook introducing selected topics in formal social choice theory. Social choice theory studies group choices that are based on information about preferences of members of the group (voting rules being one important special case). This involves economics, which provides the method of modelling individual decision making; political philosophy, which provides criteria about the allocation of decision-influencing power; and game theory, which provides a framework for thinking about the strategies individuals employ in trying to influence the group choice. The goal of this book is to take basic ideas like impossibility theorems, rights exercising and strategy proofness and give the student just enough technical background to be able to understand these ideas in a logically rigorous way. This is done through a set of 250 exercises that constitute the heart of the book and which differentiate this book from all other texts in social choice theory.
Author: Kenneth Joseph Arrow
Publisher: Gulf Professional Publishing
ISBN: 9780444829146
Category : Social choice
Languages : en
Pages : 686
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Book Description
The Handbook of Social Choice and Welfare presents, in two volumes, essays on past and on-going work in social choice theory and welfare economics. The first volume consists of four parts. In Part 1 (Arrovian Impossibility Theorems), various aspects of Arrovian general impossibility theorems, illustrated by the simple majority cycle first identified by Condorcet, are expounded and evaluated. It also provides a critical survey of the work on different escape routes from impossibility results of this kind. In Part 2 (Voting Schemes and Mechanisms), the operation and performance of voting schemes and cost-sharing mechanisms are examined axiomatically, and some aspects of the modern theory of incentives and mechanism design are expounded and surveyed. In Part 3 (structure of social choice rules), the positional rules of collective decision-making (the origin of which can be traced back to a seminal proposal by Borda), the game-theoretic aspects of voting in committees, and the implications of making use of interpersonal comparisons of welfare (with or without cardinal measurability) are expounded, and the status of utilitarianism as a theory of justice is critically examined. It also provides an analytical survey of the foundations of measurement of inequality and poverty. In order to place these broad issues (as well as further issues to be discussed in the second volume of the Handbook) in perspective, Kotaro Suzumura has written an extensive introduction, discussing the historical background of social choice theory, the vistas opened by Arrow's Social Choice and Individual Values, the famous "socialist planning" controversy, and the theoretical and practical significance of social choice theory. The primary purpose of this Handbook is to provide an accessible introduction to the current state of the art in social choice theory and welfare economics. The expounded theory has a strong and constructive message for pursuing human well-being and facilitating collective decision-making. *Advances economists' understanding of recent advances in social choice and welfare *Distills and applies research to a wide range of social issues *Provides analytical material for evaluating new scholarship *Offers consolidated reviews and analyses of scholarship in a framework that encourages synthesis--
Author: Pär Torstensson
Publisher:
ISBN:
Category : Economics
Languages : en
Pages : 128
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Book Description
Author: David Austen-Smith
Publisher: Springer Science & Business Media
ISBN: 354027295X
Category : Business & Economics
Languages : en
Pages : 332
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Book Description
Social choices, about expenditures on government programs, or about public policy more broadly, or indeed from any conceivable set of alternatives, are determined by politics. This book is a collection of essays that tie together the fields spanned by Jeffrey S. Banks' research on this subject. It examines the strategic aspects of political decision-making, including the choices of voters in committees, the positioning of candidates in electoral campaigns, and the behavior of parties in legislatures. The chapters of this book contribute to the theory of voting with incomplete information, to the literature on Downsian and probabilistic voting models of elections, to the theory of social choice in distributive environments, and to the theory of optimal dynamic decision-making. The essays employ a spectrum of research methods, from game-theoretic analysis, to empirical investigation, to experimental testing.
Author: Kotaro Suzumura
Publisher: Harvard University Press
ISBN: 0674727444
Category : Business & Economics
Languages : en
Pages : 806
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Book Description
Kotaro Suzumura is one of the world’s foremost thinkers in social choice theory and welfare economics. Bringing together essays that have become classics in the field, Choice, Preferences, and Procedures examines foundational issues of normative economics and collective decision making. Social choice theory seeks to critically assess and rationally design economic mechanisms for improving human life. An important part of Suzumura’s contribution over the past forty years has entailed fusion of abstract microeconomic ideas with an understanding of real-world economies in a coherent analysis. This volume of selected essays reveals the evolution of Suzumura’s thinking over his career. Groundbreaking papers explore the nature of individual and social choice and the idea of assigning value to freedom of choice, different forms of rationality, and concepts of individual rights, equity, and fairness. Suzumura elucidates his innovative approach for recognizing interpersonal comparisons in the vein of Adam Smith’s notion of sympathy and expounds the effect of paying due attention to nonconsequential features, such as the opportunity to choose and the procedure for decision making, along with the standard consequential features. Analyzing the role of economic competition, Suzumura points out how restricting competition may, in some circumstances, improve social welfare. This is not to recommend government regulation rather than market competition but to emphasize the importance of procedural features in a competitive context. He concludes with illuminating essays on the history of economic thought, focusing on the ideas of Vilfredo Pareto, Arthur Pigou, John Hicks, and Paul Samuelson.
Author: Walter P. Heller
Publisher: Cambridge University Press
ISBN: 9780521304542
Category : Business & Economics
Languages : en
Pages : 244
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Book Description
The first of three volumes of essays in honour of the distinguished economic theorist Professor Kenneth J. Arrow.
Author: Leonid Hurwicz
Publisher: Cambridge University Press
ISBN: 9780521262040
Category : Business & Economics
Languages : en
Pages : 398
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Book Description
This book contains a collection of essays providing a comprehensive view of the design and evaluation of economic mechanisms.
Author: Wulf Gaertner
Publisher: OUP Oxford
ISBN: 0191609897
Category : Business & Economics
Languages : en
Pages : 232
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Book Description
Processes of collective decision making are seen throughout modern society. How does a government decide on an investment strategy within the health care and educational sectors? Should a government or a community introduce measures to combat climate change and CO2 emissions, even if others choose not too? Should a country develop a nuclear capability despite the risk that other countries may follow their lead? This introductory text explores the theory of social choice. Social choice theory provides an analysis of collective decision making. The main aim of the book is to introduce students to the various methods of aggregating the preferences of all members of a given society into some social or collective preference. Written as a primer suitable for advanced undergraduates and graduates, this text will act as an important starting point for students grappling with the complexities of social choice theory. With all new chapter exercises this rigorous yet accessible primer avoids the use of technical language and provides an up-to-date discussion of this rapidly developing field.
Author: H. Moulin
Publisher: Elsevier
ISBN: 148325688X
Category : Psychology
Languages : en
Pages : 227
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Book Description
Advanced Textbooks in Economics, Volume 18: The Strategy of Social Choice focuses on the social, economics, and political implications of social choice. The publication first surveys introduction, social choice functions and correspondences, and monotonicity and the arrow theorem. Discussions focus on efficiency, anonymity and neutrality, classifying voting methods, normative versus positive approach to voting, voting and the non-strategic theory of social choice, and development of the strategic theory of voting. The text then ponders on strategy-proofness and monotonicity and sophisticated voting. Topics include sophisticated implementation, voting by binary choices, strategy-proof social choice functions and game forms, Gibbard-Satterthwaite theorem, and restricted domains. The manuscript examines cooperative voting and voting by veto, including the minority principle, proportional veto core, voting by integer veto, effectivity functions, maximal and stable effectivity functions, and implementation by Nash equilibrium. The text is a dependable source of data for researchers interested in the process of social choice.
