Coverart for item
The Resource Fair division and collective welfare, Hervé Moulin

Fair division and collective welfare, Hervé Moulin

Label
Fair division and collective welfare
Title
Fair division and collective welfare
Statement of responsibility
Hervé Moulin
Creator
Subject
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
Instantiates
Publication
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
Publication
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

Library Locations

    • Thomas Jefferson LibraryBorrow it
      1 University Blvd, St. Louis, MO, 63121, US
      38.710138 -90.311107
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