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Arrow Impossibility Theorem

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ISBN-10: 0231153287

ISBN-13: 9780231153287

Edition: 2014

Authors: Eric Maskin, Amartya Sen, Kenneth Arrow, Partha Dasgupta, Prasanta Pattanaik

List price: $19.95
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Description:

Kenneth Arrow's pathbreaking "impossibility theorem" was a watershed 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, Amartya Sen and Eric Maskin 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, while Maskin discusses how to design a voting rule that gets us closer to the ideal -- given that achieving the ideal is impossible. The volume also contains a contextual introduction by…    
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Book details

List price: $19.95
Copyright year: 2014
Publisher: Columbia University Press
Publication date: 7/22/2014
Binding: Hardcover
Pages: 168
Size: 7.17" wide x 8.86" long x 0.87" tall
Weight: 0.902
Language: English