How Long to Read Fair Division and Collective Welfare

How Long Does it Take to Read Fair Division and Collective Welfare?

It takes the average reader 5 hours and 4 minutes to read Fair Division and Collective Welfare by Herve Moulin

Assuming a reading speed of 250 words per minute. Learn more

Description

The concept of fair division is as old as civil society itself. Aristotle's "equal treatment of equals" was the first step toward a formal definition of distributive fairness. The concept of collective welfare, more than two centuries old, is a pillar of modern economic analysis. Reflecting fifty years of research, this book examines the contribution of modern microeconomic thinking to distributive justice. Taking the modern axiomatic approach, it compares normative arguments of distributive justice and their relation to efficiency and collective welfare. 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 three 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.

How long is Fair Division and Collective Welfare?

Fair Division and Collective Welfare by Herve Moulin is 302 pages long, and a total of 76,104 words.

This makes it 102% the length of the average book. It also has 93% more words than the average book.

How Long Does it Take to Read Fair Division and Collective Welfare Aloud?

The average oral reading speed is 183 words per minute. This means it takes 6 hours and 55 minutes to read Fair Division and Collective Welfare aloud.

What Reading Level is Fair Division and Collective Welfare?

Fair Division and Collective Welfare is suitable for students ages 12 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy Fair Division and Collective Welfare?

Fair Division and Collective Welfare by Herve Moulin is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

To buy Fair Division and Collective Welfare by Herve Moulin on Amazon click the button below.