On The Fair And Efficient Allocation Of Indivisible Commodities

Author : Richard Engelbrecht-Wiggans
Publisher : Unknown
Page : 280 pages
File Size : 41,8 Mb
Release : 1978
Category : Auctions
ISBN : CORNELL:31924004732065

Get Book

On the Fair and Efficient Allocation of Indivisible Commodities by Richard Engelbrecht-Wiggans Pdf

Auctions and fair division problems are situations in which commodities are to be allocated fairly and efficiently. While a variety of schemes exist for fairly allocating finely divisible homogeneous commodities, most schemes are not applicable to the problem of allocating indivisible items. This paper considers the problem of fairly allocation sets of indivisible objects. 'Dollars, ' a finely divisible, homogeneous, transferrable commodity, are used to evaluate individuals preferences and to transfer value among individuals. This introduction of dollars has several implications; the main result is that fair allocation problems may be viewed as two smaller problems. First auction the goods among the individuals and then divide the resulting revenue according to the chosen definition of fairness. Several existing fair allocation schemes are reviewed; examples illustrate some difficulties associated with their use. Kuhn's definitions of 'fairness' are presented and two extensions are considered for the case where individuals have different shares in the collection of goods.

Author : Anonim
Publisher : Unknown
Page : 368 pages
File Size : 54,9 Mb
Release : 1979
Category : Science
ISBN : CORNELL:31924057177937

Get Book

Technical Abstract Bulletin by Anonim Pdf

Author : Kenneth J. Arrow,A. Sen,Kotaro Suzumura
Publisher : Elsevier
Page : 985 pages
File Size : 44,5 Mb
Release : 2010-10-13
Category : Business & Economics
ISBN : 9780080929828

Get Book

Handbook of Social Choice and Welfare by Kenneth J. Arrow,A. Sen,Kotaro Suzumura Pdf

This second part of a two-volume set continues to describe economists' efforts to quantify the social decisions people necessarily make and the philosophies that those choices define. Contributors draw on lessons from philosophy, history, and other disciplines, but they ultimately use editor Kenneth Arrow's seminal work on social choice as a jumping-off point for discussing ways to incentivize, punish, and distribute goods. Develops many subjects from Volume 1 (2002) while introducing new themes in welfare economics and social choice theory Features four sections: Foundations, Developments of the Basic Arrovian Schemes, Fairness and Rights, and Voting and Manipulation Appeals to readers who seek introductions to writings on human well-being and collective decision-making Presents a spectrum of material, from initial insights and basic functions to important variations on basic schemes

Author : Matthew D. Adler,Marc Fleurbaey
Publisher : Oxford University Press
Page : 848 pages
File Size : 51,8 Mb
Release : 2016-04-21
Category : Law
ISBN : 9780199325832

Get Book

The Oxford Handbook of Well-Being and Public Policy by Matthew D. Adler,Marc Fleurbaey Pdf

What are the methodologies for assessing and improving governmental policy in light of well-being? The Oxford Handbook of Well-Being and Public Policy provides a comprehensive, interdisciplinary treatment of this topic. The contributors draw from welfare economics, moral philosophy, and psychology and are leading scholars in these fields. The Handbook includes thirty chapters divided into four Parts. Part I covers the full range of methodologies for evaluating governmental policy and assessing societal condition-including both the leading approaches in current use by policymakers and academics (such as GDP, cost-benefit analysis, cost-effectiveness analysis, inequality and poverty metrics, and the concept of the "social welfare function"), and emerging techniques. Part II focuses on the nature of well-being. What, most fundamentally, determines whether an individual life is better or worse for the person living it? Her happiness? Her preference-satisfaction? Her attainment of various "objective goods"? Part III addresses the measurement of well-being and the thorny topic of interpersonal comparisons. How can we construct a meaningful scale of individual welfare, which allows for comparisons of well-being levels and differences, both within one individual's life, and across lives? Finally, Part IV reviews the major challenges to designing governmental policy around individual well-being.

Author : Anonim
Publisher : Springer
Page : 7493 pages
File Size : 51,6 Mb
Release : 2016-05-18
Category : Law
ISBN : 9781349588022

Get Book

The New Palgrave Dictionary of Economics by Anonim Pdf

The award-winning The New Palgrave Dictionary of Economics, 2nd edition is now available as a dynamic online resource. Consisting of over 1,900 articles written by leading figures in the field including Nobel prize winners, this is the definitive scholarly reference work for a new generation of economists. Regularly updated! This product is a subscription based product.

Author : Peter Randall Hamilton
Publisher : Unknown
Page : 214 pages
File Size : 45,5 Mb
Release : 1985
Category : Electronic
ISBN : MINN:31951001291568E

Get Book

The Applied Welfare Economics of University Registration by Peter Randall Hamilton Pdf

Author : Dimitris Fotakis,Evangelos Markakis
Publisher : Springer Nature
Page : 401 pages
File Size : 47,6 Mb
Release : 2019-09-16
Category : Computers
ISBN : 9783030304737

Get Book

Algorithmic Game Theory by Dimitris Fotakis,Evangelos Markakis Pdf

This book constitutes the refereed proceedings of the 12th International Symposium on Algorithmic Game Theory, SAGT 2019, held in Athens, Greece, in September/October 2019. The 25 full papers presented together with 3 invited talks and one abstract paper were carefully reviewed and selected from 55 submissions. The papers are organized in topical sections named: Algorithmic Mechanism Design; Auctions and Markets; Computational Aspects of Games; Network Games and Congestion Games; Social Choice; and Matchings and Fair Division.

Author : Thomas H. Tietenberg,Tom Tietenberg
Publisher : Routledge
Page : 552 pages
File Size : 54,6 Mb
Release : 2001
Category : Business & Economics
ISBN : 0754613712

Get Book

Emissions Trading Programs by Thomas H. Tietenberg,Tom Tietenberg Pdf

A comprehensive collection of leading articles important in the development of the use of emissions trading to control air pollution, from its earliest implementation in the USA in 1976, to its application to global warming in the Kyoto Protocol. Each volume offers an introduction by the editor, Tom Tietenberg, presenting a history of the evolution of the field as well as a guide to the collected papers that follow. Volume One contains the theoretical and empirical work that underpinned the development of this particular policy instrument as well as a discussion of some of the major design issues. Volume Two focuses on implementation and presents examples of the major programs now in existence.

Author : Marc Fleurbaey,François Maniquet
Publisher : Cambridge University Press
Page : 315 pages
File Size : 42,6 Mb
Release : 2011-06-13
Category : Political Science
ISBN : 9781139498777

Get Book

A Theory of Fairness and Social Welfare by Marc Fleurbaey,François Maniquet Pdf

The definition and measurement of social welfare have been a vexed issue for the past century. This book makes a constructive, easily applicable proposal and suggests how to evaluate the economic situation of a society in a way that gives priority to the worse-off and that respects each individual's preferences over his or her own consumption, work, leisure and so on. This approach resonates with the current concern to go 'beyond the GDP' in the measurement of social progress. Compared to technical studies in welfare economics, this book emphasizes constructive results rather than paradoxes and impossibilities, and shows how one can start from basic principles of efficiency and fairness and end up with concrete evaluations of policies. Compared to more philosophical treatments of social justice, this book is more precise about the definition of social welfare and reaches conclusions about concrete policies and institutions only after a rigorous derivation from clearly stated principles.

Author : Herve Moulin
Publisher : MIT Press
Page : 302 pages
File Size : 43,7 Mb
Release : 2004-08-20
Category : Business & Economics
ISBN : 0262633116

Get Book

Fair Division and Collective Welfare by Herve Moulin Pdf

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.

Author : Rüdiger Pethig,Ulrich Schlieper
Publisher : Springer Science & Business Media
Page : 223 pages
File Size : 54,8 Mb
Release : 2012-12-06
Category : Business & Economics
ISBN : 9783642730641

Get Book

Efficiency, Institutions, and Economic Policy by Rüdiger Pethig,Ulrich Schlieper Pdf

In a neoclassical world the existence of non-zero transaction costs, nonconvex technologies, public goods and so on creates inefficiencies which can be dealt with by various institutions. But, institutions can create inefficiencies of their own. This volume addresses the issue of efficiency and institutions from different angles. First, the efficiency of modern welfare states is analyzed on a general level where topics like social justice, redistribution and rent seeking are studied in an environment of pressure groups and self-interested politicians (papers by Streit, Schlieper, WickstrAm). Second, several papers deal with more specific issues like intergenerational transfers in a social insurance system, the efficiency of law, and contractual arrangements in the labor market (Witt, Rowley and Brough, Monissen and Wenger). Third, allocation procedures for nonexclusive public goods are analyzed (GA1/4th and Hellwig, Pethig).

Author : Anonim
Publisher : Unknown
Page : 726 pages
File Size : 40,8 Mb
Release : 1980
Category : Industrial management
ISBN : UOM:39015011163832

Get Book

Management Science by Anonim Pdf

Includes special issues: The Professional series in the management sciences.

Author : Walter Isard,Christine Smith
Publisher : Unknown
Page : 664 pages
File Size : 48,5 Mb
Release : 1982
Category : Business & Economics
ISBN : STANFORD:36105081392636

Get Book

Conflict Analysis and Practical Conflict Management Procedures by Walter Isard,Christine Smith Pdf

Author : American Mathematical Society
Publisher : Unknown
Page : 1214 pages
File Size : 47,7 Mb
Release : 1979
Category : Mathematics
ISBN : UCSD:31822020214714

Get Book

Notices of the American Mathematical Society by American Mathematical Society Pdf

Author : Eric van Damme
Publisher : Springer Science & Business Media
Page : 331 pages
File Size : 41,6 Mb
Release : 2012-12-06
Category : Business & Economics
ISBN : 9783642969782

Get Book

Stability and Perfection of Nash Equilibria by Eric van Damme Pdf

The last decade has seen a steady increase in the application of concepts from noncooperative game theory to such diverse fields as economics, political science, law, operations research, biology and social psychology. As a byproduct of this increased activity, there has been a growing awareness of the fact that the basic noncooperative solution concept, that of Nash equilibrium, suffers from severe drawbacks. The two main shortcomings of this concept are the following: (i) In extensive form games, a Nash strategy may prescribe off the equilibrium path behavior that is manifestly irrational. (Specifically, Nash equilibria may involve incredible threats), (ii) Nash equilibria need not be robust with respect to small perturbations in the data of the game. Confronted with the growing evidence to the detriment of the Nash concept, game theorists were prompted to search for more refined equilibrium notions with better properties and they have come up with a wide array of alternative solution concepts. This book surveys the most important refinements that have been introduced. Its objectives are fourfold (i) to illustrate desirable properties as well as drawbacks of the various equilibrium notions by means of simple specific examples, (ii) to study the relationships between the various refinements, (iii) to derive simplifying characterizations, and (iv) to discuss the plausibility of the assumptions underlying the concepts.