Communication In Mechanism Design: A Differential Approach

Publisher: Pearson
SKU: DADAX1107407397
ISBN : 9781107407398
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Communication in Mechanism Design: A Differential Approach

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.

Specifications of Communication in Mechanism Design: A Differential Approach

AuthorSteven R. Williams
PublisherCambridge University Press
Number Of Pages216
Publication Date2012-09-13
Height9.02 inch.
Length5.98 inch.
Width0.51 inch.
Weight0.9 pounds.

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