Handbook of Social Choice and Welfare

Presents the essays on the work in social choice theory and welfare economics. This title discusses the historical background of social choice theory, the vistas opened by Arrow's "Social Choice and Individual Values", the famous 'socialist planning' controversy, and the theoretical and practical significance of social choice theory.

Autorentext
Kenneth Arrow is the Joan Kenney Professor of Economics and Professor of Operations Research, emeritus; a CHP/PCOR fellow; and an FSI senior fellow by courtesy. He is the joint winner of the Nobel Memorial Prize in Economics with John Hicks in 1972. To date, he is the youngest person to have received this award, at 51. In economics, he is a figure in post-World War II neo-classical economic theory. Many of his former graduate students have gone on to win the Nobel Memorial Prize themselves. His most significant works are his contributions to social choice theory, notably "Arrow's impossibility theorem", and his work on general equilibrium analysis. He has also provided foundational work in many other areas of economics, including endogenous growth theory and the economics of information. He has been co-editor of the Handbooks in Economics series since the mid-1980s.

Klappentext
It also provides an analytical survey of the foundations of measurement of inequality and poverty. In order to place these broad issues (as well as further issues to be discussed in the second volume of the Handbook) in perspective, Kotaro Suzumura has written an extensive introduction, discussing the historical background of social choice theory, the vistas opened by Arrow's "Social Choice and Individual Values", the famous "socialist planning" controversy, and the theoretical and practical significance of social choice theory. The primary purpose of this Handbook is to provide an accessible introduction to the current state of the art in social choice theory and welfare economics. The expounded theory has a strong and constructive message for pursuing human well-being and facilitating collective decision-making.

Inhalt
Preface to Volume 1 (K. Arrow, A. Sen, K. Suzumura). Introduction (K. Suzumura). Part 1. Arrovian Impossibility Theorems. 1. Impossibility theorems in the Arrovian framework (D. Campbell, J. Kelly). 2. Categories of Arrovian voting schemes (F. Aleskerov). 3. Domain restrictions (W. Gaertner). Part 2. Voting Schemes and Mechanisms. 4. Voting procedures (S. Brams, P. Fishburn). 5. Implementation theory (E. Maskin, T. Sjostrom). 6. Axiomatic cost and surplus-sharing (H. Moulin). Part 3. Structure of Social Choice Rules. 7. Positional rules of collective decision-making (P. Pattanaik). 8. Game-Theoretic Analysis of voting in committees (B. Peleg). 9. Representative democracy and social choice theory (N. Schofield). Part 4. Welfare, Justice and Poverty. 10. Social welfare functionals and interpersonal comparability (C. d'Aspremont, L. Gevers). 11. Utilitarianism and the theory of justice (C. Blackorby, W. Bossert, D. Donaldson). 12. Inequality, poverty and welfare (B. Dutta).