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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.
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- Q: What is the page count of this book? A: This book contains two hundred ninety-six pages. It provides a comprehensive exploration of fair division and collective welfare.
- Q: What is the binding type of 'Fair Division and Collective Welfare'? A: The binding type is paperback. This makes it a flexible option for readers who prefer lightweight formats.
- Q: What are the dimensions of this book? A: The book measures seven point zero one inches in length, zero point six seven inches in width, and nine point zero two inches in height. These dimensions make it easy to handle and store.
- Q: Who is the author of this book? A: The author is Herve Moulin. He brings a wealth of knowledge in microeconomics and distributive justice to this work.
- Q: What is the main topic of 'Fair Division and Collective Welfare'? A: The book focuses on the concepts of fair division and collective welfare in economics. It examines how these ideas are fundamental to modern economic analysis.
- Q: Is this book suitable for beginners in economics? A: Yes, this book is suitable for beginners. It explains complex concepts in an accessible manner, making it a great introduction to microeconomics.
- Q: How is the content of this book structured? A: The content is structured around key principles of distributive justice and collective welfare. It includes theoretical discussions as well as empirical examples.
- Q: Can this book be used as a textbook? A: Yes, this book can be used as a textbook. It includes exercises and examples that are ideal for academic settings.
- Q: Are there exercises included in the book? A: Yes, the book contains exercises. These are designed to reinforce the concepts discussed and enhance understanding.
- Q: What is the primary focus of the theoretical framework in this book? A: The primary focus is on the axiomatic approach to distributive justice. It compares normative arguments with efficiency and collective welfare.
- Q: How should I store this book to keep it in good condition? A: Store this book upright in a cool, dry place. Avoid direct sunlight to prevent fading of the cover and pages.
- Q: Can I clean this book if it gets dirty? A: Yes, you can clean the book by gently wiping it with a soft, dry cloth. Avoid using liquids that may damage the pages.
- Q: What should I do if my book arrives damaged? A: If your book arrives damaged, contact the seller for a return or exchange. Most sellers will have a policy in place for such issues.
- Q: Is there a warranty or return policy for this book? A: Yes, most retailers offer a return policy. Check with the specific retailer for details regarding their warranty and return process.
- Q: Does this book discuss game theory? A: Yes, the book discusses game theory, particularly the Shapley value, and its relevance to distributive justice.
- Q: Is this book recommended for advanced students in economics? A: Yes, this book is recommended for advanced students. It provides in-depth analysis suitable for those with a background in economics.