Eric Maskin, Amartya Sen

The Arrow Impossibility Theorem

Mitarbeit: Arrow, Kenneth J.; Pattanaik, Prasanta K.; Stiglitz, Joseph E.

• Gebundenes Buch

Produktbeschreibung

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 Arrows theorem. Sen considers its ongoing utility, exploring the theorems 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 social choice scholar Prasanta K. Pattanaik and commentaries from Joseph E. Stiglitz and Kenneth Arrow himself, as well as essays by Sen and Maskin outlining the mathematical proof and framework behind their assertions.

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Produktdetails

• Kenneth J. Arrow Lecture Series
• Verlag: Columbia University Press
• Seitenzahl: 168
• Erscheinungstermin: 22. Juli 2014
• Englisch
• Abmessung: 216mm x 146mm x 25mm
• Gewicht: 332g
• ISBN-13: 9780231153287
• ISBN-10: 0231153287
• Artikelnr.: 40095987

Autorenporträt

Eric Maskin and Amartya Sen. With Kenneth J. Arrow, Partha Dasgupta, Prasanta K. Pattanaik, and Joseph E. Stiglitz

Inhaltsangabe

Acknowledgments
Introduction, by Prasanta K. Pattanaik
Part 1: The Lectures
Opening Remarks, by Joseph E. Stiglitz
Arrow and the Impossibility Theorem, by Amartya Sen
The Arrow Impossibility Theorem: Where Do We Go From Here?, by Eric Maskin
Commentary, by Kenneth J. Arrow
Part II: Supplemental Materials
The Informational Basis of Social Choice, by Amartya Sen
On The Robustness of Majority Rule, by Partha Dasgupta and Eric Maskin
The Origins of the Impossibility Theorem, by Kenneth J. Arrow
Notes on Contributors

Rezensionen

"Without hyperbole, no postwar intellectual of the first rank has done more good for more people - above all, many of the world's poorest - than Amartya Sen." - Boyd Tonkin, The Independent