How to Divide When There Isn't Enough: From Aristotle, the Talmud, and Maimonides to the Axiomatics of Resource Allocation

ISBN-13: 9781316646441 / Angielski / Miękka / 2019 / 504 str.

New York) William Thomson (University of Rochester

Opis

An introduction to the modern theory of economic design, this book develops an up-to-date treatment of the adjudication of conflicting claims. In addition to covering all aspects of claims problems, it links claims problems with other economic literatures, most prominently the game theory literature.

Recenzje

'… this book is, simply, a masterpiece. It is highly recommended for the broad audience of mainstream economists and a must read for those interested in normative economics …' Juan D. Moreno-Ternero, Social Choice and Welfare

Spis treści

1. Introduction; 2. Inventory of division rules; 3. Basic properties of division rules; 4. Monotonicity properties; 5. Claims truncation invariance and minimal rights first; 6. Composition down and composition up; 7. Duality; 8. Other invariance properties; 9. Operators; 10. Variable-population model: consistency and related properties; 11. Constructing consistent extensions of two-claimant rules; 12. Variable-population model: other properties; 13. Ranking awards vectors and ranking rules; 14. Modeling claims problems as games; 15. Variants and generalizations of the base model; 16. Summary graphs and tables; 17. Appendices.