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• catalog abstract ""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."--Jacket.".
• catalog contributor b12717063.
• catalog created "c2003.".
• catalog date "2003".
• catalog date "c2003.".
• catalog dateCopyrighted "c2003.".
• catalog description ""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."--Jacket.".
• catalog description ""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."".
• catalog description "Includes bibliographical references (p. [277]-280) and index.".
• catalog description "Microeconomic Foundations -- Fairness: Equal and Unequal Treatment -- Collective Welfare: Cardinal -- Collective Welfare: Ordinal -- Externalities and Fair Division -- Private versus Public Contracts -- Organization and Overview of the Book -- Fair Distribution -- Four Principles of Distributive Justice -- A Simple Model of Fair Distribution -- Contested Garment Method -- Equal Sacrifice in Taxation -- Sum-Fitness and Equality -- Cardinal Welfarism -- Welfarism -- Additive Collective Utility Functions -- Egalitarianism and the Leximin Social Welfare Ordering -- Comparing Classical Utilitarianism, Nash, and Leximin -- Failures of Monotonicity -- Bargaining Compromise -- Voting and Social Choice -- Ordinal Welfarism -- Condorcet versus Borda -- Voting over Resource Allocation -- Single-Peaked Preferences -- Intermediate Preferences -- Preference Aggregation and Arrow's Theorem -- The Shapley Value -- The Problem of the Commons and Two Examples -- The Shapley Value: Definition -- The Stand-alone Test and Stand-alone Core -- Stand-alone Surplus -- Axiomatizations of the Shapley Value -- Managing the Commons -- The Tragedy of the Commons -- Constant Returns to Scale -- Fair Compensation: Three Interpretations -- Free Access versus Random Priority: Decreasing Returns -- Increasing Returns -- Axiomatic Comparison of the Three Solutions -- Fair Trade and Fair Division -- Private Ownership and Competitive Trade -- Imperfect Competition -- Destructive Competition -- No Envy and the Assignment Problem.".
• catalog extent "vi, 289 p. :".
• catalog identifier "0262134233 (hc. : alk. paper)".
• catalog issued "2003".
• catalog issued "c2003.".
• catalog language "eng".
• catalog publisher "Cambridge, Mass. : MIT Press,".
• catalog subject "330.12/6 21".
• catalog subject "Distributive justice.".
• catalog subject "Equality Economic aspects.".
• catalog subject "HB846 .M68 2003".
• catalog subject "Income distribution.".
• catalog subject "Wealth Moral and ethical aspects.".
• catalog subject "Welfare economics.".
• catalog tableOfContents "Microeconomic Foundations -- Fairness: Equal and Unequal Treatment -- Collective Welfare: Cardinal -- Collective Welfare: Ordinal -- Externalities and Fair Division -- Private versus Public Contracts -- Organization and Overview of the Book -- Fair Distribution -- Four Principles of Distributive Justice -- A Simple Model of Fair Distribution -- Contested Garment Method -- Equal Sacrifice in Taxation -- Sum-Fitness and Equality -- Cardinal Welfarism -- Welfarism -- Additive Collective Utility Functions -- Egalitarianism and the Leximin Social Welfare Ordering -- Comparing Classical Utilitarianism, Nash, and Leximin -- Failures of Monotonicity -- Bargaining Compromise -- Voting and Social Choice -- Ordinal Welfarism -- Condorcet versus Borda -- Voting over Resource Allocation -- Single-Peaked Preferences -- Intermediate Preferences -- Preference Aggregation and Arrow's Theorem -- The Shapley Value -- The Problem of the Commons and Two Examples -- The Shapley Value: Definition -- The Stand-alone Test and Stand-alone Core -- Stand-alone Surplus -- Axiomatizations of the Shapley Value -- Managing the Commons -- The Tragedy of the Commons -- Constant Returns to Scale -- Fair Compensation: Three Interpretations -- Free Access versus Random Priority: Decreasing Returns -- Increasing Returns -- Axiomatic Comparison of the Three Solutions -- Fair Trade and Fair Division -- Private Ownership and Competitive Trade -- Imperfect Competition -- Destructive Competition -- No Envy and the Assignment Problem.".
• catalog title "Fair division and collective welfare / Hervé Moulin.".
• catalog type "text".