Fair Division And Collective Welfare,New

Fair Division And Collective Welfare,New

In Stock
SKU: DADAX0262633116
Brand: Mit Press
$51.90 $74.14
Save $22.24
Quantity
Add to wishlist
Add to compare

Processing time: 1-3 days

US Orders Ships in: 3-5 days

International Orders Ships in: 8-12 days

Return Policy: 15-days return on defective items

Payment Option
Payment Methods

Help

If you have any questions, you are always welcome to contact us. We'll get back to you as soon as possible, withing 24 hours on weekdays.

Customer service

All questions about your order, return and delivery must be sent to our customer service team by e-mail at yourstore@yourdomain.com

Sale & Press

If you are interested in selling our products, need more information about our brand or wish to make a collaboration, please contact us at press@yourdomain.com

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.

⚠️ WARNING (California Proposition 65):

This product may contain chemicals known to the State of California to cause cancer, birth defects, or other reproductive harm.

For more information, please visit www.P65Warnings.ca.gov.

Recently Viewed