Download or read book Game Theory and Applications written by Tatsuro Ichiishi and published by Academic Press. This book was released on 2014-06-28 with total page 449 pages. Available in PDF, EPUB and Kindle. Book excerpt: Game Theory and Applications outlines game theory and proves its validity by examining it alongside the neoclassical paradigm. This book contends that the neoclassical theory is the exceptional case, and that game theory may indeed be the rule. The papers and abstracts collected here explore its recent development and suggest new research directions. - Explains many of the recent central developments in game theory - Highlights new research directions in economic theory which surpass the neoclassical paradigm - Includes game-theoretical analyses in economics, political science, and biology - Written by leading game theorists, economists, political scientists, and biologists

Download or read book Axioms of Cooperative Decision Making written by Hervé Moulin and published by Cambridge University Press. This book was released on 1991-07-26 with total page 350 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a unified and comprehensive study of welfarism, cooperative games, public decision making, and voting and social choice theory.

Download or read book Consistency Choice and Rationality written by Walter Bossert and published by Harvard University Press. This book was released on 2010-10-29 with total page 231 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Consistency, Choice, and Rationality, economic theorists Walter Bossert and Kotaro Suzumura present a thorough mathematical treatment of Suzumura consistency, an alternative to established coherence properties such as transitivity, quasi-transitivity, or acyclicity. Applications in individual and social choice theory, fields important not only to economics but also to philosophy and political science, are discussed. Specifically, the authors explore topics such as rational choice and revealed preference theory, and collective decision making in an atemporal framework as well as in an intergenerational setting.

Download or read book Additive Representations of Preferences written by P.P. Wakker and published by Springer Science & Business Media. This book was released on 2013-03-14 with total page 203 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Revealed Group Preferences on Non convex Choice Problems written by Efe A. Ok and published by . This book was released on 1996 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Population Issues in Social Choice Theory Welfare Economics and Ethics written by Charles Blackorby and published by Cambridge University Press. This book was released on 2005-08-22 with total page 392 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores how different ideas of the common good may be compared, contrasted and ranked.

Download or read book The Theory of Committees and Elections by Duncan Black and Committee Decisions with Complementary Valuation by Duncan Black and R A Newing written by Iain S. McLean and published by Springer Science & Business Media. This book was released on 2013-03-09 with total page 492 pages. Available in PDF, EPUB and Kindle. Book excerpt: R. H. Coase Duncan Black was a close and dear friend. A man of great simplicity, un worldly, modest, diffident, with no pretensions, he was devoted to scholarship. In his single-minded search for the truth, he is an example to us all. Black's first degree at the University of Glasgow was in mathematics and physics. Mathematics as taught at Glasgow seems to have been designed for engineers and did not excite him and he switched to economics, which he found more congenial. But it was not in a lecture in economics but in one on politics that he found his star. One lecturer, A. K. White, discussed the possibility of constructing a pure science of politics. This question caught his imagination, perhaps because of his earlier training in physics, and it came to absorb his thoughts for the rest of his life. But almost certainly nothing would have come of it were it not for his appointment to the newly formed Dundee School of Economics where the rest of the. teaching staff came from the London School of Economics. At Glasgow, economics, as in the time of Adam Smith, was linked with moral philosophy. At Dundee, Black was introduced to the analytical x The Theory o/Committees and Elections approach dominant at the London School of Economics. This gave him the approach he used in his attempt to construct a pure science of politics.

Download or read book Arrovian Aggregation Models written by Fuad T. Aleskerov and published by Springer Science & Business Media. This book was released on 2013-06-29 with total page 254 pages. Available in PDF, EPUB and Kindle. Book excerpt: Aggregation of individual opinions into a social decision is a problem widely observed in everyday life. For centuries people tried to invent the `best' aggregation rule. In 1951 young American scientist and future Nobel Prize winner Kenneth Arrow formulated the problem in an axiomatic way, i.e., he specified a set of axioms which every reasonable aggregation rule has to satisfy, and obtained that these axioms are inconsistent. This result, often called Arrow's Paradox or General Impossibility Theorem, had become a cornerstone of social choice theory. The main condition used by Arrow was his famous Independence of Irrelevant Alternatives. This very condition pre-defines the `local' treatment of the alternatives (or pairs of alternatives, or sets of alternatives, etc.) in aggregation procedures. Remaining within the framework of the axiomatic approach and based on the consideration of local rules, Arrovian Aggregation Models investigates three formulations of the aggregation problem according to the form in which the individual opinions about the alternatives are defined, as well as to the form of desired social decision. In other words, we study three aggregation models. What is common between them is that in all models some analogue of the Independence of Irrelevant Alternatives condition is used, which is why we call these models Arrovian aggregation models. Chapter 1 presents a general description of the problem of axiomatic synthesis of local rules, and introduces problem formulations for various versions of formalization of individual opinions and collective decision. Chapter 2 formalizes precisely the notion of `rationality' of individual opinions and social decision. Chapter 3 deals with the aggregation model for the case of individual opinions and social decisions formalized as binary relations. Chapter 4 deals with Functional Aggregation Rules which transform into a social choice function individual opinions defined as choice functions. Chapter 5 considers another model – Social Choice Correspondences when the individual opinions are formalized as binary relations, and the collective decision is looked for as a choice function. Several new classes of rules are introduced and analyzed.

Download or read book Ethics in Consumer Choice written by Nina Langen and published by Springer Science & Business Media. This book was released on 2012-12-20 with total page 361 pages. Available in PDF, EPUB and Kindle. Book excerpt: ​This dissertation elaborates differences and similarities of forms of ethical behaviour in general and analyses whether German consumers differentiate between different types of ethical behaviour in particular. The thesis is characterised by its intensive combination of theoretical and empirical research. It furthermore contributes to the literature as the method triangulation applied in the different surveys reveals previously unknown relationships between different kinds of ethical behaviour, such as ethical consumption and charitable giving, as well as between different forms of ethical products. Choice experiment, latent class analysis, information display matrix and item-based attitude assessment allowed the comparison of stated and revealed preferences as well as an analysis of the relevance of ethical product features within the context of different product and process attributes. The dissertation provides insights into a research field which is becoming more and more relevant and improves the understanding of consumers’ assessment and the interdependencies of the possibilities of ethical behaviour. This allows the development of recommendations for consumer policy makers, business and NGOs concerned with the ethics of consumer choice as well as future research on ethical behaviour in general and ethical consumption in particular.

Download or read book Axiomatic Bargaining Game Theory written by H.J. Peters and published by Springer Science & Business Media. This book was released on 2013-04-17 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt: Many social or economic conflict situations can be modeled by specifying the alternatives on which the involved parties may agree, and a special alternative which summarizes what happens in the event that no agreement is reached. Such a model is called a bargaining game, and a prescription assigning an alternative to each bargaining game is called a bargaining solution. In the cooperative game-theoretical approach, bargaining solutions are mathematically characterized by desirable properties, usually called axioms. In the noncooperative approach, solutions are derived as equilibria of strategic models describing an underlying bargaining procedure. Axiomatic Bargaining Game Theory provides the reader with an up-to-date survey of cooperative, axiomatic models of bargaining, starting with Nash's seminal paper, The Bargaining Problem. It presents an overview of the main results in this area during the past four decades. Axiomatic Bargaining Game Theory provides a chapter on noncooperative models of bargaining, in particular on those models leading to bargaining solutions that also result from the axiomatic approach. The main existing axiomatizations of solutions for coalitional bargaining games are included, as well as an auxiliary chapter on the relevant demands from utility theory.

Download or read book Application of Fuzzy Logic to Social Choice Theory written by John N. Mordeson and published by CRC Press. This book was released on 2015-03-03 with total page 346 pages. Available in PDF, EPUB and Kindle. Book excerpt: Fuzzy social choice theory is useful for modeling the uncertainty and imprecision prevalent in social life yet it has been scarcely applied and studied in the social sciences. Filling this gap, Application of Fuzzy Logic to Social Choice Theory provides a comprehensive study of fuzzy social choice theory.The book explains the concept of a fuzzy max

Download or read book Social Choice Re examined written by Kotaro Suzumura and published by Springer. This book was released on 1997-10-13 with total page 226 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since World War II the subject of social choice has grown in many and surprising ways. The impossibility theorems have suggested many directions: mathematical characterisations of voting structures satisfying various sets of conditions, the consequences of restricting choice to certain domaines, the relation to competitive equilibrium and the core, and trade-offs among the partial satisfactions of some conditions. The links with classical and modern theories of justice and, in particular, the competing ideas of rights and utilitarianism have shown the power of formal social choice analysis in illuminating the most basic philosophical arguments about the good social life. Finally, the ideals of the just society meet with the play of self interest; social choice mechanisms can lend themselves to manipulation, and the analysis of conditions under which given ideals can be realised under self interest is a political parallel to the welfare economics of the market. The contributors to these volumes focus on these issues at the forefront of current research.

Download or read book Social Choice and Individual Values written by Kenneth J. Arrow and published by Yale University Press. This book was released on 2012-06-26 with total page 347 pages. Available in PDF, EPUB and Kindle. Book excerpt: Originally published in 1951, "Social Choice and Individual Values" introduced "Arrow's Impossibility Theorem" and founded the field of social choice theory in economics and political science. This new edition, including a new foreword by Nobel laureate Eric Maskin, reintroduces Arrow's seminal book to a new generation of students and researchers."Far beyond a classic, this small book unleashed the ongoing explosion of interest in social choice and voting theory. A half-century later, the book remains full of profound insight: its central message, 'Arrow's Theorem, ' has changed the way we think."--Donald G. Saari, author of "Decisions and Elections: Explaining the Unexpected "

Download or read book Inequality Averse Collective Choice written by Efe A. Ok and published by . This book was released on 1996 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Revealed Preference Theory written by Christopher P. Chambers and published by Cambridge University Press. This book was released on 2016-01-05 with total page 241 pages. Available in PDF, EPUB and Kindle. Book excerpt: The theory of revealed preference has a long, distinguished tradition in economics but lacked a systematic presentation of the theory until now. This book deals with basic questions in economic theory and studies situations in which empirical observations are consistent or inconsistent with some of the best known economic theories.

Download or read book Handbook of Social Choice and Welfare written by Kenneth J. Arrow and published by Elsevier. This book was released on 2010-10-13 with total page 985 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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

Download or read book Political Power and Economic Policy written by Gordon C. Rausser and published by Cambridge University Press. This book was released on 2011-09-30 with total page 498 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book analyzes the links between political economics, governance structures and the distribution of political power in economic policy making. The book theoretically explains and empirically quantifies these interactions. The analysis includes both public good policies and redistributive policies. Part I of the book presents the conceptual foundations of political-economic bargaining and interest group analysis. After presenting the underlying theory, Part II of the book examines ideology, prescription and political power coefficients; Part III analyzes a number of specific structures; and Part IV presents a framework for political econometrics with a number of empirical applications and testable hypotheses. In all four parts of the book, four analytical dimensions of public policy are distinguished: governance structures, political economy, mechanism design and incidence.