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The Theory of Implementation of Socially Optimal Decisions in Economics

L. Corchon




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 | #9294712 in Books |  Luis C Corchon |  1996-10-11 | Original language:English | PDF # 1 |  8.50 x.56 x5.51l,.74 | File type: PDF | 165 pages

 | The theory of implementation of socially optimal decisions in economics

||About the Author|LUIS C. CORCHÓN is Professor of Economics at the Universidad de Alicante, Alicante, Spain. He has been a visiting scholar at Harvard University and the University of Rochester, and a visitor at the University of California at Davis, Unive

Since the early seventies, following the pioneering work by Leo Hurwicz, economists have been studying the relationship between socially optimal goals and private self-interest. The task was to reconcile the Utopian and Hobbesian traditions, using game theory to find ways to organise the society that are both socially optimal and incentive compatible. This book provides a succinct and up-to-date account of this vast literature and will be welcomed by students, lecturers ...

You easily download any file type for your device.The Theory of Implementation of Socially Optimal Decisions in Economics   |  L. Corchon.Not only was the story interesting, engaging and relatable, it also teaches lessons.

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