Fair Division and Collective Welfare: The MIT Press
Autor Herve J Moulinen Limba Engleză Paperback – 6 sep 2004
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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Specificații
ISBN-10: 0262633116
Pagini: 296
Ilustrații: 46
Dimensiuni: 178 x 227 x 14 mm
Greutate: 0.44 kg
Editura: Mit Press
Seria The MIT Press