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"The book begins with the epistemological status of the axiomatic approach and the four classic principles of distributive justice: compensation, reward, exogenous rights, and fitness. It then presents the simple ideas of equal gains, equal losses, and proportional gains and losses. The book discusses there cardinal interpretations of collective welfare: Bentham's "utilitarian" proposal to maximize the sum of individual utilities, the Nash product, and the egalitarian leximin ordering.
It also discusses the two main ordinal definitions of collective welfare: the majority relation and the Borda scoring method.".
"The Shapley value is the single most important contribution of game theory to distributive justice. A formula to divide jointly produced costs or benefits fairly, it is especially useful when the pattern of externalities renders useless the simple ideas of equality and proportionality. The book ends with two versatile methods for dividing commodities efficiently and fairly when only ordinal preferences matter: competitive equilibrium with equal incomes and egalitarian equivalence.
The book contains a wealth of empirical examples and exercises."--BOOK JACKET.
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Previews available in: English
Subjects
Welfare economics, Equality, Economic aspects, Income distribution, Wealth, Moral and ethical aspects, Distributive justice, Wealth, moral and ethical aspects, Économie du bien-être, Égalité (Sociologie), Aspect économique, Revenu, Répartition, Richesse, Aspect moral, Justice distributive, Einkommensverteilung, Kollektiventscheidung, Verteilungsgerechtigkeit, Wirtschaftsethik, Wohlfahrtstheorie, Welvaartseconomie, Gelijkheid, Economische aspecten, Inkomensverdeling, Ethische aspecten, Social choiceShowing 2 featured editions. View all 2 editions?
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1
Fair Division and Collective Welfare
September 1, 2004, The MIT Press
Paperback
in English
- New Ed edition
0262633116 9780262633116
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2
Fair Division and Collective Welfare
January 24, 2003, The MIT Press
Hardcover
in English
0262134233 9780262134231
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- Created April 30, 2008
- 11 revisions
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December 4, 2022 | Edited by ImportBot | import existing book |
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March 23, 2020 | Edited by Tom Morris | merge authors |
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