Title
Information, Incentives, And Economics Mechanisms,Used
Delivery time: 8-12 business days (International)
Product Description Information, Incentives, and Economics Mechanisms was first published in 1987.In 1960, economist Leonid Hurwicz formulated a theoretical model that initiated a field of research on the design and analysis of economic mechanisms (the institutional rules and structures by which economic activity is coordinated). By treating mechanisms as a variable, this research provided a methodology for their comparison. The inefficiency of mechanisms arises from 1) the dispersion of information among agents, and 2) agents incentives to seek private advantage from this dispersion. Exploration of these limits to efficiency was pioneered by Hurwicz in 1972, and has become a major area of active research. In part, this research enables economic theory to be a more effective instrument for the study of how a society can and should organize its economic activity.The fourteen new papers in this volume by a group of distinguished economists, all former students, colleagues, and collaborators of Hurwicz address major themes in the study of information and incentives for implementing desired economic allocations. Two comprehensive survey essays provide introductions to the topics of incentive in decentralized organizations generally and, more specifically, in classical models of private goods and public goods economies. The following sections deal with informational aspects of mechanism theory, information and the stability of general resource allocation mechanisms, market mechanisms, and nonmarket and general mechanisms.In addition to the editors, the contributors are: Masahiko Aoki, Kenneth J. Arrow, Xavier Calsamiglia, Jerry R. Green, James S. Jordan, JeanJacques Laffont, John Ledyard, Thomas Marschak, Eric Maskin, Andreu MasColeli, Kenneth R. Mount, Andrew Postlewaite, JeanCharles Rochet, John Roberts, David Schmeidler, and William Thomson. About the Author Theodore Groves is professor of economics and director of the Center for Environmental Economics at the University of California, San Diego.
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We ship your order within 2–3 business days for USA deliveries and 5–8 business days for international shipments. Once your package has been dispatched from our warehouse, you'll receive an email confirmation with a tracking number, allowing you to track the status of your delivery.
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We provide a 2-year limited warranty, from the date of purchase for all our products.
If you believe you have received a defective product, or are experiencing any problems with your product, please contact us.
This warranty strictly does not cover damages that arose from negligence, misuse, wear and tear, or not in accordance with product instructions (dropping the product, etc.).
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