Bøger af Satya R. Chakravarty

Cooperative game theory deals with situations where objectives of participants of the game are partially cooperative and partially conflicting. It is in the interest of participants to cooperate in the sense of making binding agreements to achieve the maximum possible benefit. When it comes to distribution of benefit/payoffs, participants have conflicting interests. Such situations are usually modelled as cooperative games. While the book mainly discusses transferable utility games, there is also a brief analysis of non-transferable utility games. Alternative solution concepts to cooperative game theoretic problems are presented in chapters 1-9 and the next four chapters present issues related to computations of solutions discussed in the earlier chapters. The proofs of all results presented in the book are quite explicit. Additionally the mathematical techniques employed in demonstrating the results will be helpful to those who wish to learn application of mathematics for solving problems in game theory.

This monograph initially offers a systematic treatment of the theory and methodology of alternative notions of income polarization and related issues. It then goes on to analyze social polarization, ordinal polarization, and the relations between inequality polarization, fractionalization and likelihood of conflicts.

This book uses welfare theoretic and descriptive approaches to present recent advances in the study of inequality, polarization and poverty. It is filled with graphs, charts, and non-technical explanations of technical terms and mathematical operations.

An Outline of Financial Economics presents a systematic treatment of the theory and methodology of finance and economics. The book follows an analytical and geometric methodology, explaining technical terms and mathematical operations in clear, non-technical language, and providing intuitive explanations of the mathematical results. The text begins with a discussion of financial instruments, which form the basis of finance theory, and goes on to analyze bonds which are regarded as fixed income securities in a simple framework, and to discuss the valuation of stocks and cash flows in detail. Highly relevant topics such as attitudes toward risk, uncertainty, the financial structure of a firm, stochastic dominance, portfolio management, option pricing and conditions for non-arbitrage are analyzed explicitly. Because of its wide coverage and analytical, articulate and authoritative presentation, An Outline of Financial Economics will be an indispensable book for finance researchers and undergraduate and graduate students in fields such as economics, finance, econometrics, statistics and mathematics.

The distribution of wealth and income is never uniform, and philosophers and economists have tried for years to understand the reasons and formulate remedies for such inequalities. This book introduces the elegant and intriguing kinetic exchange models that physicists have developed to tackle these issues. This is the first monograph in econophysics focussed on the analyses and modelling of these distributions, and is ideal for physicists and economists. It is written in simple, lucid language, with plenty of illustrations and in-depth analyses, making it suitable for researchers new to this field as well as specialized readers. It explores the origin of economic inequality and examines the scientific steps that can be taken to reduce this inequality in the future.

"An indispensable reference for all researchers interested in the measurement of social welfare. . ."--François Bourguignon, Emeritus Professor at Paris School of Economics, Former Chief Economist of the World Bank.". . .a detailed, insightful, and pedagogical presentation of the theoretical grounds of multidimensional well-being, inequality, and poverty measurement. Any student, researcher, and practitioner interested in the multidimensional approach should begin their journey into such a fascinating theme with this wonderful book."--François Maniquet, Professor, Catholic University of Louvain, BelgiumA review of the multidimensional approaches to the measurement of welfare, inequality, and povertyAnalyzing Multidimensional Well-Being: A Quantitative Approach offers a comprehensive approach to the measurement of well-being that includes characteristics such as income, health, literacy, and housing. The author presents a systematic comparison of the alternative approaches to the measurement of multidimensional welfare, inequality, poverty and vulnerability. The text contains real-life applications of some multidimensional aggregations (most of which have been designed by international organizations such as the United Nations Development Program and the Organization of Economic Cooperation and Development) that help to judge the performance of a country in the various dimensions of well-being.The text offers an evaluation of how well a society is doing with respect to achievements of all the individuals in the dimensions considered and clearly investigates how achievements in the dimensions can be evaluated from different perspectives. The author includes a detailed scrutiny of alternative techniques for setting weights to individual dimensional metrics and offers an extensive analysis into both the descriptive and welfare theoretical approaches to the concerned multi-attribute measurement and related issues. This important resource:* Contains a synthesis of multidimensional welfare, inequality, poverty and vulnerability analysis* Examines aggregations of achievement levels in the concerned dimensions of well-being from various standpoints* Shows how to measure poverty using panel data instead of restricting attention to a single period and when we have imprecise information on dimensional achievements* Argues that multidimensional analysis is intrinsically different from marginal distributions-based analysisWritten for students, teachers, researchers and scholars, Analyzing Multidimensional Well-Being: A Quantitative Approach puts the focus on various approaches to the measurement of the many aspects of well-being and quality of life.

In this book we are concerned with income profile based ethical social index numbers. For example, an ethical relative inequality index determines the fraction of total income that could be saved without any welfare loss if society distri buted incomes equally.