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Communication in Mechanism Design

Name: Communication in Mechanism Design
Brand: Cambridge University Press
SKU: 02051653
Price: 15114 HUF
Availability: InStock
Author: Steven R. Williams
ISBN: 9781107407398

A Differential Approach

Steven R. Williams

Language

English

Book Paperback

Libristo code: 02051653

Publishers Cambridge University Press, September 2012

Mechanism design is the field of economics that treats institutions and procedures as variables that... Full description

Libristo code: 02051653

101 b

15 114 Ft

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Mechanism design is the field of economics that treats institutions and procedures as variables that can be selected in order to achieve desired objectives. An important aspect of a mechanism is the communication among its participants that it requires, which complements other design features such as incentives and complexity. A calculus-based theory of communication in mechanisms is developed in this 2008 book. The value of a calculus-based approach lies in its familiarity as well as the insight into mechanisms that it provides. Results are developed concerning (i) a first order approach to the construction of mechanisms, (ii) the range of mechanisms that can be used to achieve a given objective, as well as (iii) lower bounds on the required communication.