Social Choice Mechanisms (Paperback, Softcover reprint of hardcover 1st ed. 2002)

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 used to tackle it, and what kind of solutions it leads to. We introduce a few basic notions in preliminarily fashion and, in doing so, we stress both motivations and explanations."

General

Imprint:	Springer-Verlag
Country of origin:	Germany
Series:	Studies in Economic Design
Release date:	December 2010
First published:	2002
Authors:	Vladimir I Danilov • Alexander I. Sotskov
Dimensions:	235 x 155 x 10mm (L x W x T)
Format:	Paperback
Pages:	191
Edition:	Softcover reprint of hardcover 1st ed. 2002
ISBN-13:	978-3-642-07715-9
Categories:	Books > Business & Economics > Economics > Economic theory & philosophy Books > Science & Mathematics > Mathematics > Optimization > Game theory
LSN:	3-642-07715-3
Barcode:	9783642077159

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