portada Communication in Mechanism Design: A Differential Approach (en Inglés)

Communication in Mechanism Design: A Differential Approach (en Inglés)

Formato

Libro Físico

Autor

Steven R. Williams

Editorial

Cambridge University Press

Año

2012

Idioma

Inglés

N° páginas

216

Encuadernación

Tapa Blanda

Dimensiones

22.9x15.2x1.2 cm

Peso

0.32 kg.

ISBN

1107407397

ISBN13

9781107407398

Categorías

Microeconomía
Econometría

Communication in Mechanism Design: A Differential Approach (en Inglés)

Steven R. Williams (Autor) · Cambridge University Press · Tapa Blanda

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Reseña del libro "Communication in Mechanism Design: A Differential Approach (en Inglés)"

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 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.