Welfare Economics and Social Choice Theory, 2nd Edition

• Main Authors: Feldman, Allan M. (Author), Serrano, Roberto (Author)
• Corporate Author: SpringerLink (Online service)
• Format: Electronic eBook
• Language: English
• Published: Boston, MA : Springer US, 2006.
• Edition: 2nd Edition.
• Subjects: Economic theory.; Microeconomics.; Economics.; Economic Theory/Quantitative Economics/Mathematical Methods.

Welfare economics, and social choice theory, are disciplines that blend economics, ethics, political science, and mathematics. Topics in Welfare Economics and Social Choice Theory, 2nd Edition, include models of economic exchange and production, uncertainty, optimality, public goods, social improvem...

Table of Contents:

• Preferences and Utility
• Barter Exchange
• Welfare Properties of Market Exchange
• Welfare Properties of “Jungle” Exchange
• Economies with Production
• Uncertainty in Exchange
• Externalities
• Public Goods
• Compensation Criteria
• Fairness and the Rawls Criterion
• Life and Death Choices
• Majority Voting
• Arrow’s Impossibility Theorem
• Dominant-Strategy Implementation
• Nash Implementation
• Bayesian Implementation
• Epilogue.