Essays in Honor of Kenneth J. Arrow: Volume 1, Social Choice and Public Decision Making

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Walter P. Heller, Ross M. Starr, David A. Starrett, Kenneth Joseph Arrow
Cambridge University Press, Sep 26, 1986 - Business & Economics - 215 pages
Professor Kenneth J. Arrow is one of the most distinguished economic theorists. He has played a major role in shaping the subject and is honoured by the publication of three volumes of essays on economic theory. Each volume deals with a different area of economic theory. The books include contributions by some of the best economic theorists from the United States, Japan, Israel and Europe.
 

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Contents

public debt in
5
Incentive theory with data compression
10
An exercise in nonWalrasian analysis
11
Uncertainty information and communication
26
Information and invariance in normative choice
33
Utilitarian morality in a world of very halfhearted altruists
57
some simple axiomatic approaches
97
DECISION MAKING IN THE PUBLIC SECTOR
115
Asset pricing theories
116
A problem of financial market equilibrium when the timing of
177
implications for the opportunity cost
189
Equilibrium analysis
210
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