Bayesian Implementation
The implementation problem lies at the heart of a theory of institutions. Simply stated, the aim of implementation theory is to investigate in a rigorous way the relationships between outcomes in a society and how those outcomes arise. The first part of "Bayesian Implementation" presents a basic model of the Bayesian implementation problem and summarizes and explains recent developments in this branch of implementation theory. Substantive problems of interest such as public goods provision, auctions and bargaining are special cases of the model, and these are addressed in subsequent chapters.
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Bayesian Implementation
The implementation problem lies at the heart of a theory of institutions. Simply stated, the aim of implementation theory is to investigate in a rigorous way the relationships between outcomes in a society and how those outcomes arise. The first part of "Bayesian Implementation" presents a basic model of the Bayesian implementation problem and summarizes and explains recent developments in this branch of implementation theory. Substantive problems of interest such as public goods provision, auctions and bargaining are special cases of the model, and these are addressed in subsequent chapters.
91.99 In Stock
Bayesian Implementation

Bayesian Implementation

by Thomas R. Palfrey
Bayesian Implementation

Bayesian Implementation

by Thomas R. Palfrey

Paperback

$91.99 
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Overview

The implementation problem lies at the heart of a theory of institutions. Simply stated, the aim of implementation theory is to investigate in a rigorous way the relationships between outcomes in a society and how those outcomes arise. The first part of "Bayesian Implementation" presents a basic model of the Bayesian implementation problem and summarizes and explains recent developments in this branch of implementation theory. Substantive problems of interest such as public goods provision, auctions and bargaining are special cases of the model, and these are addressed in subsequent chapters.

Product Details

ISBN-13: 9783718653140
Publisher: Taylor & Francis
Publication date: 12/23/1993
Series: Fundamentals of Pure and Applied Economics Series , #53
Pages: 116
Product dimensions: 5.44(w) x 8.50(h) x (d)

About the Author

Thomas R. Palfrey California Institute of Technology, Pasadena, USA, Sanjay Srivastava Carnegie Mellon University, Pittsburgh, Pennsylvania, USA.

Table of Contents

1. Introduction 2. A General Model 3. Characterizing Implementable Allocation Rules 4. Applications 5. Preplay Communication and Renegotiation 6. Other Topics
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