Communication in Mechanism Design: A Differential Approach

Communication in Mechanism Design: A Differential Approach

by Steven R. Williams
     
 

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ISBN-10: 1107407397

ISBN-13: 9781107407398

Pub. Date: 09/13/2012

Publisher: Cambridge University Press

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

Overview

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.

Product Details

ISBN-13:
9781107407398
Publisher:
Cambridge University Press
Publication date:
09/13/2012
Edition description:
Reprint
Pages:
216
Product dimensions:
6.00(w) x 9.00(h) x 0.60(d)

Table of Contents

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

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