Format:
1 Online-Ressource (xv, 197 pages)
,
digital, PDF file(s)
ISBN:
9780511753923
Content:
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
Note:
Title from publisher's bibliographic system (viewed on 05 Oct 2015)
Additional Edition:
ISBN 9780521851312
Additional Edition:
ISBN 9781107407398
Additional Edition:
Print version ISBN 9780521851312
Language:
English
DOI:
10.1017/CBO9780511753923
URL:
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