The Resource Fair division and collective welfare, Hervé Moulin
Fair division and collective welfare, Hervé Moulin
Resource Information
The item Fair division and collective welfare, Hervé Moulin represents a specific, individual, material embodiment of a distinct intellectual or artistic creation found in University of Missouri-St. Louis Libraries.This item is available to borrow from 1 library branch.
Resource Information
The item Fair division and collective welfare, Hervé Moulin represents a specific, individual, material embodiment of a distinct intellectual or artistic creation found in University of Missouri-St. Louis Libraries.
This item is available to borrow from 1 library branch.
- Summary
- The concept of fair division is as old as civil society itself. Aristotle's "equal treatment of equals" was the first step toward a formal definition of distributive fairness. The concept of collective welfare, more than two centuries old, is a pillar of modern economic analysis. Reflecting fifty years of research, this book examines the contribution of modern microeconomic thinking to distributive justice. Taking the modern axiomatic approach, it compares normative arguments of distributive justice and their relation to efficiency and collective welfare.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
- Language
- eng
- Extent
- 1 online resource (vi, 289 pages)
- Isbn
- 9780262280297
- Label
- Fair division and collective welfare
- Title
- Fair division and collective welfare
- Statement of responsibility
- Hervé Moulin
- Subject
-
- Distributive justice
- Distributive justice
- ECONOMICS/Public Economics
- Electronic books
- Equality -- Economic aspects
- Equality -- Economic aspects
- BUSINESS & ECONOMICS -- Economics | Theory
- Income distribution
- Wealth -- Moral and ethical aspects
- Wealth -- Moral and ethical aspects
- Welfare economics
- Welfare economics
- Income distribution
- Language
- eng
- Summary
- The concept of fair division is as old as civil society itself. Aristotle's "equal treatment of equals" was the first step toward a formal definition of distributive fairness. The concept of collective welfare, more than two centuries old, is a pillar of modern economic analysis. Reflecting fifty years of research, this book examines the contribution of modern microeconomic thinking to distributive justice. Taking the modern axiomatic approach, it compares normative arguments of distributive justice and their relation to efficiency and collective welfare.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
- Cataloging source
- N$T
- http://library.link/vocab/creatorName
- Moulin, Hervé
- Dewey number
- 330.12/6
- Illustrations
- illustrations
- Index
- index present
- LC call number
- HB846
- LC item number
- .M68 2003eb
- Literary form
- non fiction
- Nature of contents
-
- dictionaries
- bibliography
- http://library.link/vocab/subjectName
-
- Welfare economics
- Equality
- Income distribution
- Wealth
- Distributive justice
- BUSINESS & ECONOMICS
- Distributive justice
- Equality
- Income distribution
- Wealth
- Welfare economics
- Label
- Fair division and collective welfare, Hervé Moulin
- Bibliography note
- Includes bibliographical references (pages 277-280) and index
- Carrier category
- online resource
- Carrier category code
-
- cr
- Carrier MARC source
- rdacarrier
- Color
- multicolored
- Content category
- text
- Content type code
-
- txt
- Content type MARC source
- rdacontent
- Control code
- 52341106
- Dimensions
- unknown
- Extent
- 1 online resource (vi, 289 pages)
- Form of item
- online
- Isbn
- 9780262280297
- Media category
- computer
- Media MARC source
- rdamedia
- Media type code
-
- c
- Other physical details
- illustrations
- http://library.link/vocab/ext/overdrive/overdriveId
-
- 2954
- 9780262280297
- Specific material designation
- remote
- System control number
- (OCoLC)52341106
- Label
- Fair division and collective welfare, Hervé Moulin
- Bibliography note
- Includes bibliographical references (pages 277-280) and index
- Carrier category
- online resource
- Carrier category code
-
- cr
- Carrier MARC source
- rdacarrier
- Color
- multicolored
- Content category
- text
- Content type code
-
- txt
- Content type MARC source
- rdacontent
- Control code
- 52341106
- Dimensions
- unknown
- Extent
- 1 online resource (vi, 289 pages)
- Form of item
- online
- Isbn
- 9780262280297
- Media category
- computer
- Media MARC source
- rdamedia
- Media type code
-
- c
- Other physical details
- illustrations
- http://library.link/vocab/ext/overdrive/overdriveId
-
- 2954
- 9780262280297
- Specific material designation
- remote
- System control number
- (OCoLC)52341106
Subject
- Distributive justice
- Distributive justice
- ECONOMICS/Public Economics
- Electronic books
- Equality -- Economic aspects
- Equality -- Economic aspects
- BUSINESS & ECONOMICS -- Economics | Theory
- Income distribution
- Wealth -- Moral and ethical aspects
- Wealth -- Moral and ethical aspects
- Welfare economics
- Welfare economics
- Income distribution
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<div class="citation" vocab="http://schema.org/"><i class="fa fa-external-link-square fa-fw"></i> Data from <span resource="http://link.umsl.edu/portal/Fair-division-and-collective-welfare-Herv%C3%A9/ZHnHcqYZ5WQ/" typeof="Book http://bibfra.me/vocab/lite/Item"><span property="name http://bibfra.me/vocab/lite/label"><a href="http://link.umsl.edu/portal/Fair-division-and-collective-welfare-Herv%C3%A9/ZHnHcqYZ5WQ/">Fair division and collective welfare, Hervé Moulin</a></span> - <span property="potentialAction" typeOf="OrganizeAction"><span property="agent" typeof="LibrarySystem http://library.link/vocab/LibrarySystem" resource="http://link.umsl.edu/"><span property="name http://bibfra.me/vocab/lite/label"><a property="url" href="http://link.umsl.edu/">University of Missouri-St. Louis Libraries</a></span></span></span></span></div>
