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Mechanism Design: A Linear Programming Approach

By Rakesh V. Vohra
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$41.00
By Rakesh V. Vohra
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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 m...

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BusinessEconomicsMicroeconomics