Summary and Info
Axioms of cooperative decision making provides a unified and comprehen- sive study of welfarism, cooperative games, public decision making, and voting and social choice theory - technically heterogeneous subjects that are linked by common axioms. Herve Moulin studies these areas from an axiomatic perspective. Every axiom conveys a certain ethical principle (e.g., "one man one vote," or "to each according to his contribution"). Axiomatic theory examines the compatibility of various combinations of axioms. The book describes recent successes of this method. It gives many examples of the axiomatic approach, rangIng from the construction of numerical indices for measuring inequality, to the pricing of a regulated monopoly, to the comparison of various voting rules. About thirty axioms are discussed, and one hundred exercises and problems are provided. Some familiarity with microeconomics and mathematical model- ing is assumed. The book will be useful to mathematical modelers, especially those interested in economics and political science.