Welfare economics and social choice theory:
Saved in:
| Main Authors: | , |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
New York, NY [u.a.]
Springer
2010
|
| Edition: | 2. ed. |
| Subjects: | |
| Online Access: | Inhaltsverzeichnis |
| Physical Description: | XII, 403 S. graph. Darst. |
| ISBN: | 9781441939883 038729368X 9780387293684 |
Staff View
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Record in the Search Index
| _version_ | 1804145684670054400 |
|---|---|
| adam_text | Contents
Preface
xi
Introduction
1
1
The Concerns of Welfare Economics
1
2
The Concerns of Social Choice Theory
4
3
Practical Concerns of Welfare Economics and Social Choice
Theory
7
1.
PREFERENCES AND UTILITY
11
1
Fundamental Assumptions
ι
11
2
Best Alternatives and Utility Functions
13
3
The Formal Model of Preferences
14
4
Decisions under Uncertainty and Expected Utility
19
5
Introduction to Social Preferences
24
6
Exercises
28
7
Appendix
29
б
Selected References
30
2.
BARTER EXCHANGE
33
1
Introduction
33
2
Allocations
34
3
The Edgeworth Box Diagram
36
4
Pareto Optimal Allocations and the Core
37
5
Algebraic Examples
40
6
Final Notes on the Core: The Number of Coalitions
46
7
Exercises
46
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
Competitive Equilibrium in an Exchange Economy: Formal
Preliminaries
56
4
The First Fundamental Theorem of Welfare Economics
59
5
The Second Fundamental Theorem of Welfare Economics
63
6
An Algebraic Example
70
7
Exercises
73
8
Selected References
75
4.
WELFARE PROPERTIES OF JUNGLE EXCHANGE
79
1
Power as a Basis for Exchange
79
2
A Model of Indivisible Objects
80
3
A ^Person 4-Houses Example
82
4
Finding a Market Equilibrium with Top Cycles
85
5
Fundamental Theorems of Welfare Economics and Jungle
Economics
87
6
Exercises
91
7
Selected References
91
5.
ECONOMIES WITH PRODUCTION
93
1
Introduction
93
2
Optimal Production Plans
96
3
Competitive Equilibrium Production Plans ^
4
The First Fundamental Theorem of Welfare Economics,
Production Version
102
5
The Second Fundamental Theorem of Welfare Economics,
Production Version
104
6
Extending the Production Model, and Combining Production
and Exchange
107
7
An Algebraic Example in a Simple Production Model 111
8
Exercises
113
9
Appendix
114
10
Selected References
115
Contents
vii
6.
UNCERTAINTY IN
EXCHANGE 119
1
Introduction
119
2 States
of the World
120
3
Symmetric Uncertainty
121
4
Examples
128
5
Asymmetric Information
130
6
Exercises
139
7
Selected References
139
7.
EXTERNALITIES
143
1
Introduction
143
2
Externalities in an Exchange Economy: An Example
146
3
Pigouvian Taxes and Subsidies: The Exchange Example
Continued
150
4
Pigouvian Taxes and Subsidies: A Production Example
153
5
Exercises
157
6
Selected References
158
8.
PUBLIC GOODS
161
1
Introduction
161
2
The Public Goods Model
162
3
The
Samuelson
Public Good Optimality Condition
164
4
Private Financing of the Public Good and the Free Rider
Problem:
167
5
The Wicksell-Lindahl Tax Scheme
169
6
Fixed Tax Shares and Majority Voting
174
7
The Demand-Revealing Tax Scheme
176
8
The Groves-Ledyard Tax Scheme
184
9
Exercises
188
10
Selected References
189
9.
COMPENSATION CRITERIA
195
1
Introduction
195
2
Notational Preliminaries
196
3
The Pareto Criterion
197
4
The Kaldor Criterion
199
5
The Scitovsky Criterion
201
viii
WELFARE
ECONOMICS AND SOCIAL CHOICE THEORY,
2ND
ED.
6
The
Samuelson
Criterion
202
7
Compensation Criteria in Exchange Economies
204
8
Consumer s Surplus
-
Money Metrics
206
9
Consumers Surplus
-
Boadway Paradox
208
10 Quasilinear
Utility
210
11
Cost Benefit Analysis with One Good
213
12
Exercises
214
13
Selected References
215
10.
FAIRNESS AND THE RAWLS CRITERION
217
1
Introduction
217
2
Fairness
218
3
The Rawls Criterion
221
4
Exercises
225
5
Selected References
226
11.
LIFE AND DEATH CHOICES
229
1
Introduction
229
2
Economic Model
-
The Money Value of a Life
230
3
A Formal Version of the Economic Model
231
4
The Broome Paradox
234
5
Ex-Ante and Ex-Post
235
6
Problems with Utilitarian
Mesures
of Life/Death Choices
238
7
The Pareto Principle and Extended Pareto Principles
243
8
What s Repugnant About the Repugnant Conclusion?
246
9
Conclusions About Life and Death Choices
247
10
Exercises
248
11
Selected References
248
12.
MAJORITY VOTING
253
1
Introduction
253
2
The Majority Voting Criterion
254
3
Majority Voting and Single-Peakedness
256
4
Majority Voting and Single-Peakedness: The Multidimensional
Case
263
5
Multidimensional Voting
-
Are the Cycles That Bad?
268
6
Exercises
270
Contents ix
7
Selected References
271
13.
ARROW S IMPOSSIBILITY THEOREM
275
1
Introduction
275
2
A Simple Model for Arrow s Impossibility Theorem
276
3
Requirements on the Arrow Social Welfare Function
277
4
Applying the Requirements
280
5
Arrow s Impossibility Theorem
282
6
Relaxing the Universality Requirement
287
7
Reactions to Arrow s Impossibility Theorem
288
8
Another Version of Arrow s Theorem
291
9
Exercises
294
10
Selected References
295
14.
DOMINANT-STRATEGY IMPLEMENTATION
299
1
Introduction
299
2
Examples of Strategic Manipulation
301
3
The Gibbard-Satterthwaite Impossibility Theorem
305
4
Significance of the Gibbard-Satterthwaite Theorem
312
5
Exercises
314
6
Appendix
316
7
Selected References
317
15.
NASH IMPLEMENTATION
321
1
Introduction
321
2
An Example
322
3
Maskin Monotonicity
324
4
Maskin s Theorem
326
5
Comments on Maskin s Theorem
332
6
Limitations of
Maskin
Monotonicity and Approximate
Implementation
333
7
Exercises
337
8
Appendix
339
9
Selected References
341
χ
WELFARE ECONOMICS AND SOCIAL CHOICE THEORY,
2ND
ED.
16.
BAYESIAN IMPLEMENTATION
345
1
Introduction
345
2
Asymmetric Information in the Model of Types
346
3
Incentive Compatibility
350
4
Prom Truthful to Full Implementability
353
5
Bayesian Implementability: Example
3
Continued
356
6
Bayesian Implementability: Theory
357
7
Exercises
359
8
Selected References
359
17.
EPILOGUE
363
SOLUTIONS TO EXERCISES
371
Index
399
|
| any_adam_object | 1 |
| author | Feldman, Allan 1943- Serrano, Roberto |
| author_GND | (DE-588)131665340 (DE-588)171197739 |
| author_facet | Feldman, Allan 1943- Serrano, Roberto |
| author_role | aut aut |
| author_sort | Feldman, Allan 1943- |
| author_variant | a f af r s rs |
| building | Verbundindex |
| bvnumber | BV037394316 |
| classification_rvk | QC 160 |
| ctrlnum | (OCoLC)802342137 (DE-599)BVBBV037394316 |
| discipline | Wirtschaftswissenschaften |
| edition | 2. ed. |
| format | Book |
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| spelling | Feldman, Allan 1943- Verfasser (DE-588)131665340 aut Welfare economics and social choice theory Allan M. Feldman and Roberto Serrano 2. ed. New York, NY [u.a.] Springer 2010 XII, 403 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Wohlfahrtstheorie (DE-588)4066735-2 gnd rswk-swf Theorie (DE-588)4059787-8 gnd rswk-swf Kollektiventscheidung (DE-588)4022393-0 gnd rswk-swf Werttheorie (DE-588)4079190-7 gnd rswk-swf Wohlfahrtstheorie (DE-588)4066735-2 s Kollektiventscheidung (DE-588)4022393-0 s Theorie (DE-588)4059787-8 s DE-604 Werttheorie (DE-588)4079190-7 s 1\p DE-604 Serrano, Roberto Verfasser (DE-588)171197739 aut Digitalisierung UB Bayreuth application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=022547138&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis 1\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk |
| spellingShingle | Feldman, Allan 1943- Serrano, Roberto Welfare economics and social choice theory Wohlfahrtstheorie (DE-588)4066735-2 gnd Theorie (DE-588)4059787-8 gnd Kollektiventscheidung (DE-588)4022393-0 gnd Werttheorie (DE-588)4079190-7 gnd |
| subject_GND | (DE-588)4066735-2 (DE-588)4059787-8 (DE-588)4022393-0 (DE-588)4079190-7 |
| title | Welfare economics and social choice theory |
| title_auth | Welfare economics and social choice theory |
| title_exact_search | Welfare economics and social choice theory |
| title_full | Welfare economics and social choice theory Allan M. Feldman and Roberto Serrano |
| title_fullStr | Welfare economics and social choice theory Allan M. Feldman and Roberto Serrano |
| title_full_unstemmed | Welfare economics and social choice theory Allan M. Feldman and Roberto Serrano |
| title_short | Welfare economics and social choice theory |
| title_sort | welfare economics and social choice theory |
| topic | Wohlfahrtstheorie (DE-588)4066735-2 gnd Theorie (DE-588)4059787-8 gnd Kollektiventscheidung (DE-588)4022393-0 gnd Werttheorie (DE-588)4079190-7 gnd |
| topic_facet | Wohlfahrtstheorie Theorie Kollektiventscheidung Werttheorie |
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