The theory of implementation of socially optimal decisions in economics

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Last edited by MARC Bot
August 4, 2024 | History

The theory of implementation of socially optimal decisions in economics

  • 4.0 (1 rating)
  • 1 Have read

Since the early 1970s, following the pioneering work of Leo Hurwicz, economists have been studying the relationship between socially optimal goals and private self-interest. The task was to reconcile the Utopian and Hobbesian traditions, using game theory to find ways to organize the society that are both socially optimal and incentive-compatible.

The book provides a succinct and up-to-date account of this vast literature and will be welcomed by students, lecturers and anyone wishing to update their knowledge of the field.

Publish Date
Publisher
St. Martin's Press
Language
English
Pages
165

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Book Details


Edition Notes

Includes bibliographical references (p. 156-158) and index.

Published in
New York, N.Y

Classifications

Dewey Decimal Class
330.15/56
Library of Congress
HD30.23 .C668 1996, HD30.23.C668 1996

The Physical Object

Pagination
xiv, 165 p. :
Number of pages
165

Edition Identifiers

Open Library
OL970931M
ISBN 10
0312159536
LCCN
96007685
Goodreads
4328045

Work Identifiers

Work ID
OL3244468W

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