An introduction to the modern theory of economic design, this book develops an up-to-date treatment of the adjudication of conflicting claims. In addition to covering all aspects of claims problems, it links claims problems with other economic literatures, most prominently the game theory literature.
An introduction to the modern theory of economic design, it develops an up-to-date treatment of the adjudication of conflicting claims.
'The design of rationing rules has inspired for nearly forty years a fascinating intellectual edifice of axiomatic postulates and mathematical results, reviewed here by the premiere author of that literature. Readers will recognize, or discover, William Thomson's superb pedagogical talent in a text that is comprehensive, self-contained, and luminously clear.' Hervé Moulin, Donald J. Robertson Chair of Economics, University of Glasgow
