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On the axiomatic method and its recent applications to game theory and resource allocation

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Author Info
William Thomson () (Department of Economics, Harkness Hall, University of Rochester, Rochester, NY 14627-0156, USA)

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Abstract

This is a study of the axiomatic method and its recent applications to game theory and resource allocation. It begins with a user's guide. This guide first describes the components of an axiomatic study, discusses the logical and conceptual independence of the axioms in a characterization, exposes mistakes that are often made in the formulation of axioms, and emphasizes the importance of seeing each axiomatic study from the perspective of the axiomatic program. It closes with a schematic presentation of this program. The second part of this study discusses the scope of the axiomatic method and briefly presents a number of models where its use have been particularly successful. It presents alternatives to the axiomatic method and answers criticisms often addressed at the axiomatic method. It delimits the scope of the method and illustrates its relevance to the study of resource allocation and the study of strategic interaction. Finally, it provides extensive illustrations of the considerable recent success that the method has met in the study of a number of new models.

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Publisher Info
Article provided by Springer in its journal Social Choice and Welfare.

Volume (Year): 18 (2001)
Issue (Month): 2 ()
Pages: 327-386
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Handle: RePEc:spr:sochwe:v:18:y:2001:i:2:p:327-386

Note: Received: 29 September 1998/Accepted: 29 January 2000
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  1. Biung-Ghi Ju, 2005. "A Characterization of Plurality-Like Rules Based on Non-Manipulability, Restricted Efficiency, and Anonymity," WORKING PAPERS SERIES IN THEORETICAL AND APPLIED ECONOMICS 200509, University of Kansas, Department of Economics, revised Mar 2005. [Downloadable!]
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  2. Rene van den Brink & Yukihiko Funaki & Gerard van der Laan, 2008. "The Reverse Talmud Rule for Bankruptcy Problems," Tinbergen Institute Discussion Papers 08-026/1, Tinbergen Institute, revised 27 Mar 2008. [Downloadable!]
  3. Kumabe, Masahiro & Mihara, H. Reiju, 2007. "Computability of simple games: A complete investigation of the sixty-four possibilities," MPRA Paper 440, University Library of Munich, Germany. [Downloadable!]
  4. Carmen Herrero, 2000. "The Three Musketeers. Old Solutions to Bankruptcy Problems," Econometric Society World Congress 2000 Contributed Papers 0609, Econometric Society. [Downloadable!]
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