ENGLISH

Welfare Economics And Social Choice Theory

By Allan M. Feldman , Roberto Serrano

Book information

Publisher
Springer
Year
2005
ISBN
0387293671, 9780387293677, 9780387293684
Open Library ID
OL17193723M
Language
english
Format
PDF
Filesize
19 MB (19723101 bytes)
Edition
2nd
Pages
403\401
Topic
Economy
Library
Mexmat
Scanned
yes
Time added
2011-02-23 10:11:24

Description

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 theories of implementation and mechanism design.Our goal is to make value judgments about economic and political mechanisms: For instance, does the competitive market produce distributions of products and services that are good or bad for society? Does majority voting produce good or bad outcomes? How can we design tax mechanisms that result in efficient amounts of public goods being produced?We have attempted, in this book, to minimize mathematical obstacles, and to make this field accessible to undergraduate and graduate students and the interested non-expert.

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