Items related to Welfare Economics and Social Choice Theory
Synopsis
The Concerns of Welfare Economics.- The Concerns of Social Choice Theory.- Practical Concerns of Welfare Economics and Social Choice Theory.- 1 Preferences and Utility.- Fundamental Assumptions.- Best Alternatives and Utility Functions.- The Formal Model of Preferences.- to Social Preferences.- Exercises.- Selected References.- 2 Barter Exchange.- Allocations.- The Edgeworth Box Diagram.- Pareto Optimal Allocations and the Core.- Algebraic Examples.- Final Notes on the The Number of Coalitions.- Exercises.- Selected References.- 3 Market Exchange and Optimality.- The Two-Person, Two-Goods Model.- Competitive Equilibrium in an Exchange Formal Preliminaries.- The First Fundamental Theorem of Welfare Economics.- The Second Fundamental Theorem of Welfare Economics.- An Algebraic Example.- Exercises.- Selected References.- 4 Production and Optimality.- Optimal Production Plans.- Competitive Equilibrium Production Plans.- The First Fundamental Theorem of Welfare Economics, Production Version.- The Second Fundamental Theorem of Welfare Economics, Production Version.- Extending the Production Model, and Combining Production and Exchange.- An Algebraic Example in a Simple Production Model.- Exercises.- Selected References.- 5 Externalities.- Externalities in an Exchange An Example.- Pigouvian Taxes and The Exchange Example Continued.- Pigouvian Taxes and A Production Example.- Exercises.- Selected References.- 6 Public Goods.- The Public Goods Model.- The Samuelson Public Good Optimality Condition.- Private Financing of the Public Good and the Free Rider Problem.- The Wicksell-Lindahl Tax Scheme.- Fixed Tax Shares and Majority Voting.- The Demand-Revealing Tax Scheme.- The Groves-Ledyard Tax Scheme.- Selected References.- 7 Compensation Criteria.- Notational Preliminaries.- The Pareto Criterion.- The Kaldor Criterion.- The Scitovsky Criterion.- The Samuelson Criterion.- Exercises.- Selected References.- 8 Fairness and the Rawls Criterion.- Fairness.- The Rawls Criterion.- Exercises.- Selected References.- 9 Majority Voting.- The Majority Voting Criterion.- Majority Voting and Single-Peakedness.- Majority Voting and The Multidimensional Case.- Exercises.- Selected References.- 10 Arrow's Impossibility Theorem.- The Model.- Requirements on the Collective Choice Rule.- Applying the Requirements.- Arrow's Impossibility Theorem.- Relaxing the Universality Requirement.- Reaction to Arrow's Impossibility Theorem.- Exercises.- Selected References.- 11 Strategic Behavior.- Examples of Strategic Behavior.- The Gibbard-Satterthwaite Impossibility Theorem.- Significance of the Gibbard-Satterthwaite Theorem.- Exercises.- Selected References.- 12 Epilog.- Author Index.
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