Mechanism Design: A Linear Programming Approach (Econometric Society Monographs, Series Number 47) - Softcover

Book 9 of 27: Econometric Society Monographs

Vohra, Rakesh V.

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9780521179461: Mechanism Design: A Linear Programming Approach (Econometric Society Monographs, Series Number 47)
Softcover
ISBN 10: 0521179467 ISBN 13: 9780521179461
Publisher: Cambridge University Press, 2011

Synopsis

Mechanism design is an analytical framework for thinking clearly and carefully about what exactly a given institution can achieve when the information necessary to make decisions is dispersed and privately held. This analysis provides an account of the underlying mathematics of mechanism design based on linear programming. Three advantages characterize the approach. The first is simplicity: arguments based on linear programming are both elementary and transparent. The second is unity: the machinery of linear programming provides a way to unify results from disparate areas of mechanism design. The third is reach: the technique offers the ability to solve problems that appear to be beyond solutions offered by traditional methods. No claim is made that the approach advocated should supplant traditional mathematical machinery. Rather, the approach represents an addition to the tools of the economic theorist who proposes to understand economic phenomena through the lens of mechanism design.

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About the Author

Rakesh V. Vohra is the John L. and Helen Kellogg Professor of Managerial Economics and Decision Sciences at the Kellogg School of Management, Northwestern University, where he is also Director of the Center for Mathematical Studies in Economics and Management Science. He previously taught at the Fisher School of Business, Ohio State University and is the author of Advanced Mathematical Economics (2005). Professor Vohra has also completed a manuscript on the principles of pricing with Lakshman Krishnamurthi, Professor of Marketing at the Kellogg School. Professor Vohra received his doctorate in mathematics from the University of Maryland.

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Publisher
Cambridge University Press
Publication date
2011
Language
English
ISBN 10 
0521179467
ISBN 13 
9780521179461
Binding
Paperback
Number of pages
184
Rating
  • 4.33 out of 5 stars
    6 ratings by Goodreads

Other Popular Editions of the Same Title

9781107004368: Mechanism Design: A Linear Programming Approach (Econometric Society Monographs, Series Number 47)

Featured Edition

ISBN 10:  1107004365 ISBN 13:  9781107004368
Publisher: Cambridge University Press, 2011
Hardcover