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  • Book
  • © 1980

Welfare Economics and Social Choice Theory

Authors:

  1. Allan M. Feldman

    1. Brown University, UK

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Table of contents (13 chapters)

  1. Front Matter

    Pages i-x
    PDF

  2. Introduction

    • Allan M. Feldman
    Pages 1-8

  3. Preferences and Utility

    • Allan M. Feldman
    Pages 9-22

  4. Barter Exchange

    • Allan M. Feldman
    Pages 23-38

  5. Market Exchange and Optimality

    • Allan M. Feldman
    Pages 39-64

  6. Production and Optimality

    • Allan M. Feldman
    Pages 65-88

  7. Externalities

    • Allan M. Feldman
    Pages 89-105

  8. Public Goods

    • Allan M. Feldman
    Pages 106-137

  9. Compensation Criteria

    • Allan M. Feldman
    Pages 138-149

  10. Fairness and the Rawls Criterion

    • Allan M. Feldman
    Pages 150-160

  11. Majority Voting

    • Allan M. Feldman
    Pages 161-177

  12. Arrow’s Impossibility Theorem

    • Allan M. Feldman
    Pages 178-195

  13. Strategic Behavior

    • Allan M. Feldman
    Pages 196-215

  14. Epilogue

    • Allan M. Feldman
    Pages 216-221

  15. Back Matter

    Pages 223-230
    PDF
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About this book

This book covers the main topics of welfare economics - general equilib­ rium models of exchange and production, Pareto optimality, externalities and public goods - and some of the major topic of social choice the­ ory - compensation criteria, fairness, voting, Arrow's Theorem, and stra­ tegic behavior. The underlying question is this: "Is a particular economic or voting mechanism good or bad for society?" Welfare economics is mainly about whether the market mechanism is good or bad; social choice is largely about whether voting mechanisms can improve upon the results of the market. The book grew out of my undergraduate welfare economics course at Brown University, and it is intended for the undergraduate student who has some prior familiarity with microeconomics. However the book is also use­ ful for graduate students and professionals, economists and non-econo­ mists, who want an overview of welfare and social choice results unbur­ dened by detail and mathematical complexity.
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Keywords

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Authors and Affiliations

  • Brown University, UK

    Allan M. Feldman

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Bibliographic Information

  • Book Title: Welfare Economics and Social Choice Theory

  • Authors: Allan M. Feldman

  • DOI: https://doi.org/10.1007/978-1-4615-8141-3

  • Publisher: Springer New York, NY

  • eBook Packages: Springer Book Archive

  • Copyright Information: Springer Science+Business Media Dordrecht 1980

  • eBook ISBN: 978-1-4615-8141-3Published: 06 December 2012

  • Edition Number: 1

  • Number of Pages: X, 230

  • Topics: Microeconomics

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Buy it now

eBook USD 74.99
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever

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