Arrow Impossibility Theorem e-bog
150,55 DKK
(inkl. moms 188,19 DKK)
Kenneth J. Arrow's pathbreaking "e;impossibility theorem"e; was a watershed innovation 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 Eric Maskin and Amartya Sen explore the implications of Arrow's the...
E-bog
150,55 DKK
Forlag
Columbia University Press
Udgivet
22 juli 2014
Genrer
Economic theory and philosophy
Sprog
English
Format
pdf
Beskyttelse
LCP
ISBN
9780231526869
Kenneth J. Arrow's pathbreaking "e;impossibility theorem"e; was a watershed innovation 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 Eric Maskin and Amartya Sen 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, and Maskin discusses how to design a voting rule that gets us closer to the ideal-given the impossibility of achieving the ideal. The volume also contains a contextual introduction by social choice scholar Prasanta K. Pattanaik and commentaries from Joseph E. Stiglitz and Kenneth J. Arrow himself, as well as essays by Maskin, Dasgupta, and Sen outlining the mathematical proof and framework behind their assertions.