Welfare Economics and Social Choice Theory
Feldman, Allan M., Serrano, Roberto
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Description for Welfare Economics and Social Choice Theory
Hardcover. Includes 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. Num Pages: 416 pages, 8 black & white tables, biography. BIC Classification: KCA. Category: (P) Professional & Vocational. Dimension: 240 x 160 x 30. Weight in Grams: 744.
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 particular economic or voting mechanism good or bad for society?" Welfare economics is mainly about whether the market mechanism is good or bad; social choice is largely about whether voting mechanisms, or other more abstract mechanisms, can improve upon the results of the market. This ... Read more
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 particular economic or voting mechanism good or bad for society?" Welfare economics is mainly about whether the market mechanism is good or bad; social choice is largely about whether voting mechanisms, or other more abstract mechanisms, can improve upon the results of the market. This ... Read more
Product Details
Format
Hardback
Publication date
2005
Publisher
Springer
Condition
New
Number of Pages
404
Place of Publication
New York, NY, United States
ISBN
9780387293677
SKU
V9780387293677
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
About Feldman, Allan M., Serrano, Roberto
Allan M. Feldman has taught economics at Brown University for 34 years. He has written and published articles in the areas of general equilibrium theory, fairness and equity, Arrow’s theorem, strategy-proofness, majority voting theory, compensation criteria, the value of life, and law and economics. He has taught thousands of Brown undergraduates in a wide variety of courses, and has served ... Read more
Reviews for Welfare Economics and Social Choice Theory
The book, WELFARE ECONOMICS AND SOCIAL CHOICE THEORY, 2nd Edition, by Allan M. Feldman and Roberto Serrano, is an admirable compact distillation of these subjects. What is remarkable is the full and careful presentation of the major results in these areas in a very elementary way, using only very simple mathematical tools with no loss of rigor in the results." ... Read more