Communication in Mechanism Design | A Differential Approach

Steven R. Williams

ISBN 10: 1107407397 ISBN 13: 9781107407398

Published by Cambridge University Press, 2012

Language: English

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Bibliographic Details

Title

Communication in Mechanism Design | A Differential Approach

Publisher

Cambridge University Press

Publication Date

2012

Language

English

ISBN 10

1107407397

ISBN 13

9781107407398

Binding

Taschenbuch

Condition

Neu

Dimensions

Weight

358 grams

Seller catalogs

B�cher

About this title

Synopsis

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.

Book Description

An important aspect of an economic 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.

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