Arrow Impossibility Theorem

Name: Arrow Impossibility Theorem
Brand: Columbia University Press
SKU: 9780231153287
Price: 105.01 RON
Availability: InStock

Autor: Eric Maskin

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Legare: Copertă tare

Editura: Columbia University Press

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105.01 lei

Kenneth J. Arrow's pathbreaking "impossibility theorem" was a watershed in the history of welfare ec...

Informații despre carte

Autor

Eric Maskin

Limbă

engleză

Legare

Carte - Copertă tare

Publicat

2014

Pagini

168

EAN

9780231153287

ISBN

0231153287

Enbook ID

02467719

Editura

Columbia University Press

Greutate

336

Dimensiuni

211 x 149 x 17

Descriere completă

Kenneth J. Arrow's pathbreaking "impossibility theorem" was a watershed in the history of welfare economics, voting theory, and collective choice, demonstrating that there is no voting rule that satisfies the four desirable axioms of decisiveness, consensus, nondictatorship, and independence. In this book, Amartya Sen and Eric Maskin explore the implications of Arrow's theorem. Sen considers its ongoing utility, exploring the theorem's value and limitations in relation to recent research on social reasoning, while Maskin discusses how to design a voting rule that gets us closer to the ideal -- given that achieving the ideal is impossible. The volume also contains a contextual introduction by social choice scholar Prasanta K. Pattanaik and commentaries from Joseph E. Stiglitz and Kenneth Arrow himself, as well as essays by Sen and Maskin outlining the mathematical proof and framework behind their assertions.

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Arrow Impossibility Theorem

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