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Welfare economics and social choice theory

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Published by Springer in New York, NY .
Written in English

Subjects:

  • Welfare economics,
  • Social choice

Book details:

Edition Notes

Includes bibliographical references and index

StatementAllan M. Feldman and Roberto Serrano
ContributionsSerrano, Roberto
Classifications
LC ClassificationsHB99.3 .F45 2006
The Physical Object
Paginationxii, 403 p. :
Number of Pages403
ID Numbers
Open LibraryOL17193723M
ISBN 100387293671
LC Control Number2005935332

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Welfare economics, and social choice theory, are disciplines that blend economics, ethics, political science, and mathematics. Topics in Welfare Economics and Social Choice Theory, 2 nd Edition, include models of economic exchange and production, uncertainty, optimality, public goods, social improvement criteria, life and death choices, majority voting, Arrow’s theorem, . vi WELFARE ECONOMICS AND SOCIAL CHOICE THEORY, 2ND ED. 8 Selected References 47 3. WELFARE PROPERTIES OF MARKET EXCHANGE 51 1 Introduction 51 2 The Two-Person, Two-Goods Model 52 3 CompetitiveEquilibriumin anExchange Economy: Formal Preliminaries 56 4 The First Fundamental Theorem of Welfare Economics Welfare Economics and Social Choice Theory book. Read reviews from world’s largest community for readers. Welfare economics, and social choice theory, ar /5(6). Welfare economics, and social choice theory, are disciplines that blend economics, ethics, political science, and mathematics. Welfare Economics and Social Choice Theory, 2nd Edition, include models of economic exchange and production, uncertainty, optimality, public goods, social improvement criteria, life and death choices, majority voting, Arrow’s theorem, and /5(4).

  This book covers the main topics of welfare economics — general equilibrium models of exchange and production, Pareto optimality, un certainty, externalities and public goods — and some of the major topics of social choice theory — compensation criteria, fairness, voting. Arrow's Theorem, and the theory of implementation. The underlying question is this: "Is a . Social Choice and Welfare explores all aspects, both normative and positive, of welfare economics, collective choice, and strategic interaction. Topics include but are not limited to: preference aggregation, welfare criteria, fairness, justice and equity, rights, inequality and poverty measurement, voting and elections, political games, coalition formation, public goods, . This book covers the main topics of welfare economics - general equilib­ rium models of exchange and production, Pareto optimality, externalities and public goods - and some of the major topic of social choice the­ ory - compensation criteria, fairness, voting, . Topics in Welfare Economics and Social Choice Theory, 2nd Edition, include models of economic exchange and production, uncertainty, optimality, public goods, social improvement criteria, life and death choices, majority voting, Arrow's theorem, and theories of implementation and mechanism design.

  Social Choice Theory: Individual preferences are aggregated to produce a social welfare function - essentially a preference ranking of the scenarios that are possible to . Welfare Economics and Social Choice Theory, 2nd Edition. Summary: This book covers the main topics of welfare economics - general equilibrium models of exchange and production, Pareto optimality, un certainty, externalities and public goods - and some of the major topics of social choice theory - compensation criteria, fairness, voting. 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 . Welfare economics is a branch of economics that uses microeconomic techniques to evaluate well-being (welfare) at the aggregate (economy-wide) level.. Attempting to apply the principles of welfare economics gives rise to the field of public economics, the study of how government might intervene to improve social e economics also provides the theoretical .