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Equality of Opportunity
  • Language: en
  • Pages: 309

Equality of Opportunity

Foreword by Eric Maskin (Nobel Laureate in Economics, 2007)This book is a collection of articles written by the two authors on the topic of equality of opportunity. All articles build on the idea that a just society should equalize the resources that determine the opportunities agents face in order to follow their goals. Resources are either external, like financial resources, or internal, like preferences or skills. The authors propose to define "equality of opportunity" as the combination of ethical principles of compensation and responsibility. The principle of compensation requires external resources to be used to compensate low-skilled agents (considering that inequalities due to skill ...

The Arrow Impossibility Theorem
  • Language: en
  • Pages: 163

The Arrow Impossibility Theorem

Kenneth J. Arrow's pathbreaking "impossibility theorem" was a watershed innovation in the history of welfare economics, voting theory, and collective choice, demonstrating that there is no voting rule that satisfies the four desirable axioms of decisiveness, consensus, nondictatorship, and independence. In this book Eric Maskin and Amartya Sen explore the implications of Arrow's theorem. Sen considers its ongoing utility, exploring the theorem's value and limitations in relation to recent research on social reasoning, and Maskin discusses how to design a voting rule that gets us closer to the ideal—given the impossibility of achieving the ideal. The volume also contains a contextual introduction by social choice scholar Prasanta K. Pattanaik and commentaries from Joseph E. Stiglitz and Kenneth J. Arrow himself, as well as essays by Maskin, Dasgupta, and Sen outlining the mathematical proof and framework behind their assertions.

Incentives, Scale Economies and Organizational Form
  • Language: en
  • Pages: 52

Incentives, Scale Economies and Organizational Form

  • Type: Book
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  • Published: 1997
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  • Publisher: Unknown

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Economic Analysis of Markets and Games
  • Language: en
  • Pages: 666

Economic Analysis of Markets and Games

  • Type: Book
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  • Published: 1992
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  • Publisher: MIT Press

These original essays focus on a wide range of topics related to Frank Hahn'sdistinguished work in economics. Ranging from market analysis and game theory to the microeconomicfoundations of macroeconomics and from equilibrium and optimality with missing markets to economicsand society, they reflect the diversity of modem research in economic theory. What distinguishesHahn's work and many of the essays in this book is that the motivation often comes from practicalconcerns about unemployment, savings and investment, poverty, or the stability of markets.The essaysin Part I deal with the microeconomic foundations of macroeconomics - a field in which Hahn has madeimportant contributions, most not...

Equality Of Opportunity: The Economics Of Responsibility
  • Language: en
  • Pages: 334

Equality Of Opportunity: The Economics Of Responsibility

Foreword by Eric Maskin (Nobel Laureate in Economics, 2007)This book is a collection of articles written by the two authors on the topic of equality of opportunity. All articles build on the idea that a just society should equalize the resources that determine the opportunities agents face in order to follow their goals. Resources are either external, like financial resources, or internal, like preferences or skills. The authors propose to define “equality of opportunity” as the combination of ethical principles of compensation and responsibility. The principle of compensation requires external resources to be used to compensate low-skilled agents (considering that inequalities due to sk...

Incentives, Information, and Organizational Form
  • Language: en
  • Pages: 48

Incentives, Information, and Organizational Form

  • Type: Book
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  • Published: 1998
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  • Publisher: Unknown

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ECONOMICS LETTERS VOLUME 47 NO. 1 JANUARY 1995
  • Language: en
  • Pages: 956

ECONOMICS LETTERS VOLUME 47 NO. 1 JANUARY 1995

  • Type: Book
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  • Published: 1995
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  • Publisher: Unknown

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Planning, Shortage, and Transformation
  • Language: en
  • Pages: 458

Planning, Shortage, and Transformation

  • Type: Book
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  • Published: 2000-04
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  • Publisher: Mit Press

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Environment and Development Economics
  • Language: en
  • Pages: 433

Environment and Development Economics

This book honours Partha Dasgupta, and the field he helped establish; environment and development economics. It concerns the relationship between social systems and natural systems. Above all, it concerns the poverty-environment nexus: the complex pathways by which people become or remain poor, and resources become or remain overexploited.

IMPLEMENTATION OF SOCIAL CHOICE
  • Language: en

IMPLEMENTATION OF SOCIAL CHOICE

  • Type: Book
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  • Published: 2011-03-30
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  • Publisher: Unknown

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