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Hervé Moulin Fair Division and Collective Welfare (Paperback) MIT Press
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eBay item number:335150497113
Item specifics
- Condition
- Brand New: A new, unread, unused book in perfect condition with no missing or damaged pages. See all condition definitionsopens in a new window or tab
- Book Title
- Fair Division and Collective Welfare
- Publication Name
- Fair Division and Collective Welfare
- Title
- Fair Division and Collective Welfare
- Format
- Trade Paperback
- ISBN-10
- 0262633116
- EAN
- 9780262633116
- ISBN
- 9780262633116
- Publisher
- MIT Press
- Genre
- Law, Business & Economics, Social Science, Political Science
- Release Date
- 20/08/2004
- Release Year
- 2004
- Language
- English
- Country/Region of Manufacture
- US
- Item Height
- 0.7in
- Item Length
- 9.1in
- Item Width
- 7in
- Item Weight
- 13.3 Oz
- Series
- MIT Press
- Publication Year
- 2004
- Topic
- Business Ethics, Sociology / General, General, Public Policy / Social Services & Welfare, Economics / General
- Number of Pages
- 296 Pages
About this product
Product Information
The concept of fair division is as old as civil society itself. Aristotle's equal treatment of equals was the first step toward a formal definition of distributive fairness. The concept of collective welfare, more than two centuries old, is a pillar of modern economic analysis. Reflecting fifty years of research, this book examines the contribution of modern microeconomic thinking to distributive justice. Taking the modern axiomatic approach, it compares normative arguments of distributive justice and their relation to efficiency and collective welfare. The book begins with the epistemological status of the axiomatic approach and the four classic principles of distributive justice: compensation, reward, exogenous rights, and fitness. It then presents the simple ideas of equal gains, equal losses, and proportional gains and losses. The book discusses three cardinal interpretations of collective welfare: Bentham's utilitarian proposal to maximize the sum of individual utilities, the Nash product, and the egalitarian leximin ordering. It also discusses the two main ordinal definitions of collective welfare: the majority relation and the Borda scoring method. The Shapley value is the single most important contribution of game theory to distributive justice. A formula to divide jointly produced costs or benefits fairly, it is especially useful when the pattern of externalities renders useless the simple ideas of equality and proportionality. The book ends with two versatile methods for dividing commodities efficiently and fairly when only ordinal preferences matter: competitive equilibrium with equal incomes and egalitarian equivalence. The book contains a wealth of empirical examples and exercises.
Product Identifiers
Publisher
MIT Press
ISBN-10
0262633116
ISBN-13
9780262633116
eBay Product ID (ePID)
30873001
Product Key Features
Book Title
Fair Division and Collective Welfare
Format
Trade Paperback
Language
English
Topic
Business Ethics, Sociology / General, General, Public Policy / Social Services & Welfare, Economics / General
Publication Year
2004
Genre
Law, Business & Economics, Social Science, Political Science
Number of Pages
296 Pages
Dimensions
Item Length
9.1in
Item Height
0.7in
Item Width
7in
Item Weight
13.3 Oz
Additional Product Features
Lc Classification Number
Hb846.M68 2004
Grade from
College Graduate Student
Reviews
"Herve Moulin is one of the deepest thinkers in welfare economics. His book on fair division is an elegant overview of modern contributions to an ancient problem." -Eric S. Maskin, A. O. Hirschman Professor of Social Science, Institute for Advanced Study
Copyright Date
2004
Target Audience
Trade
Lccn
2002-075387
Dewey Decimal
330.12/6
Dewey Edition
21
Illustrated
Yes
Item description from the seller
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eBay item number:335150497113
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