Handbook of Social Choice and Welfare Arrow Sen Suzumura Hardback Volume 19

Handbook of Social Choice and WelfareAuthor(s): Kenneth J. Arrow, A.K. Sen, Kotaro Suzumura\nFormat: Hardback\nPublisher: Elsevier Science & Technology, United States\nImprint: North-Holland\nISBN-13: 9780444829146, 978-0444829146\nSynopsis\nThe Handbook of Social Choice and Welfare presents, in two volumes, essays on past and on-going work in social choice theory and welfare economics. The first volume consists of four parts. In Part 1 (Arrovian Impossibility Theorems), various aspects of Arrovian general impossibility theorems, illustrated by the simple majority cycle first identified by Condorcet, are expounded and evaluated. It also provides a critical survey of the work on different escape routes from impossibility results of this kind. In Part 2 (Voting Schemes and Mechanisms), the operation and performance of voting schemes and cost-sharing mechanisms are examined axiomatically, and some aspects of the modern theory of incentives and mechanism design are expounded and .