Steven R. Williams

Communication in Mechanism Design (eBook, PDF)

A Differential Approach

• Format: PDF

Produktbeschreibung

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.

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Produktdetails

• Verlag: Cambridge University Press
• Erscheinungstermin: 2. Juni 2008
• Englisch
• ISBN-13: 9780511410468
• Artikelnr.: 38206345

Inhaltsangabe

1. Introduction
2. Classical concepts and results
3. Applications to mechanisms
4. Realizing a C¿ mapping.