Overview
Covers many of the main topics of welfare economics, inclulding general equilibrium models of exchange and production, Pareto optimality, uncertainty, externalities and public goods
Some of the main topics of social choice theory, inclulding compensation criteria, fairness, voting, Arrow’s theorem, and the theory of implementation
Chapters on forced exchange and on mechanism design contain a new theory
Some mathematics in this book, the authors always opted for a simple and less technical argument, over the more general, complex and technical one
Includes supplementary material: sn.pub/extras
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Table of contents (18 chapters)
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Front Matter
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Back Matter
Keywords
About this book
Reviews
The book, WELFARE ECONOMICS AND SOCIAL CHOICE THEORY, 2nd Edition, by Allan M. Feldman and Roberto Serrano, is an admirable compact distillation of these subjects. What is remarkable is the full and careful presentation of the major results in these areas in a very elementary way, using only very simple mathematical tools with no loss of rigor in the results."
Kenneth J. Arrow, Stanford University
"You've done a beautiful job of covering the modern territory in the new version of WELFARE ECONOMICS AND SOCIAL CHOICE THEORY, 2nd Edition. Congratulations!"
Eric Maskin, Institute for Advanced Study
Authors and Affiliations
About the authors
Allan M. Feldman has taught economics at Brown University for 34 years. He has written and published articles in the areas of general equilibrium theory, fairness and equity, Arrow’s theorem, strategy-proofness, majority voting theory, compensation criteria, the value of life, and law and economics. He has taught thousands of Brown undergraduates in a wide variety of courses, and has served for many years as the director of undergraduate studies in economics at Brown. He has also worked as an economics consultant in litigation.
Roberto Serrano is a Professor of Economics at Brown University, where he has worked since 1992 when he got his PhD from Harvard University. His fields of research are economic theory and game theory. He has been an Associate Editor of several journals, including Economic Theory, Mathematical Social Sciences and Research in Economics. He has published over thirty articles in refereed journals, and his research has been supported through fellowships and awards from prestigious institutions, including The Sloan Foundation, the U.S.-Israel Binational Science Foundation, the U.S. National Science Foundation and Spain’s Fundacion Banco Herrero.
Bibliographic Information
Book Title: Welfare Economics and Social Choice Theory
Authors: Allan M. Feldman, Roberto Serrano
DOI: https://doi.org/10.1007/0-387-29368-X
Publisher: Springer New York, NY
eBook Packages: Business and Economics, Economics and Finance (R0)
Copyright Information: Springer-Verlag US 2006
Hardcover ISBN: 978-0-387-29367-7Published: 02 December 2005
Softcover ISBN: 978-1-4419-3988-3Published: 29 October 2010
eBook ISBN: 978-0-387-29368-4Published: 14 June 2006
Edition Number: 2
Number of Pages: XII, 404
Topics: Economic Theory/Quantitative Economics/Mathematical Methods, Microeconomics