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Social Choice Mechanisms (Studies in Economic Design) by Vladimir Ivanovich Danilov; Alexander I. Sotskov is a nonfiction available to read on EtoBox.

What is Social Choice Mechanisms (Studies in Economic Design) about?

The theory of social choice deals with both the processes and results of col lective decision making. In this book, we explore some issues in the theory of social choice and mechanism design. We examine the premises of this theory, the axiomatic approach, and the mechanism design approach. The main questions are what is collective interest, how is it related to individuals' interests, how should one design social interactions, laws, and in stitutions? These questions are not new. Philosophers, social scientists have indeed pondered upon them for years. And, in fact, the organizational struc tures of many social institutions -courts, parliaments, committees and reg ulatory boards -often lack a sound theoretical base. This is not surprising, as it is, indeed, difficult to provide for a comprehensive formalization of the activities of such organizations. Nevertheless, there has been a definite trend towards providing clear and unambiguous rules for collective decision mak ing. These very rules constitute the body of social choice theory and its main object. The basic problem of social choice We explain here more precisely what a problem of social choice is, what approaches might be us

Who reads Social Choice Mechanisms (Studies in Economic Design)?

Author

Vladimir Ivanovich Danilov; Alexander I. Sotskov

Publisher

Springer Berlin Heidelberg

Published

2002

Language

EN

ISBN

9783540438977

Category

nonfiction

Subjects

Mathematics, Business, Economics