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The Arrow Impossibility Theorem
Eric Maskin
€ 19.99
€ 19.13
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Description for The Arrow Impossibility Theorem
Hardback. Series: Kenneth J. Arrow Lectures Series. Num Pages: 168 pages. BIC Classification: KCA. Category: (P) Professional & Vocational. Dimension: 149 x 211 x 17. Weight in Grams: 328.
Kenneth J. Arrow's pathbreaking "impossibility theorem" was a watershed innovation in the history of welfare economics, voting theory, and collective choice, demonstrating that there is no voting rule that satisfies the four desirable axioms of decisiveness, consensus, nondictatorship, and independence. In this book Eric Maskin and Amartya Sen explore the implications of Arrow's theorem. Sen considers its ongoing utility, exploring the theorem's value and limitations in relation to recent research on social reasoning, and Maskin discusses how to design a voting rule that gets us closer to the ideal-given the impossibility of achieving the ideal. The volume also contains a ... Read more
Kenneth J. Arrow's pathbreaking "impossibility theorem" was a watershed innovation in the history of welfare economics, voting theory, and collective choice, demonstrating that there is no voting rule that satisfies the four desirable axioms of decisiveness, consensus, nondictatorship, and independence. In this book Eric Maskin and Amartya Sen explore the implications of Arrow's theorem. Sen considers its ongoing utility, exploring the theorem's value and limitations in relation to recent research on social reasoning, and Maskin discusses how to design a voting rule that gets us closer to the ideal-given the impossibility of achieving the ideal. The volume also contains a ... Read more
Product Details
Format
Hardback
Publication date
2014
Publisher
Columbia University Press
Condition
New
Series
Kenneth J. Arrow Lectures Series
Number of Pages
168
Place of Publication
New York, United States
ISBN
9780231153287
SKU
V9780231153287
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
About Eric Maskin
Eric Maskin is the Adams University Professor at Harvard University. He received the 2007 Nobel Memorial Prize in Economics (with L. Hurwicz and R. Myerson) for laying the foundations of mechanism design theory. He has also contributed to game theory, contract theory, social choice theory, political economy, and other areas of economics. Amartya Sen is the Thomas ... Read more
Reviews for The Arrow Impossibility Theorem
Without hyperbole, no postwar intellectual of the first rank has done more good for more people-above all, many of the world's poorest-than Amartya Sen.
Boyd Tonkin The Independent What is Arrow's impossibility theorem? Why is it true? What are its implications for democratic decision making? Is its nihilism justified? These are the kinds of questions addressed in Maskin and ... Read more
Boyd Tonkin The Independent What is Arrow's impossibility theorem? Why is it true? What are its implications for democratic decision making? Is its nihilism justified? These are the kinds of questions addressed in Maskin and ... Read more