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Communication in Mechanism Design: A Differential Approach PDF

215 Pages·2008·1.546 MB·English
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by Steven R. Williams| 2008| 215 pages| 1.546| English

About 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.

Detailed Information

Author:Steven R. Williams
Publication Year:2008
ISBN:9780511415098
Pages:215
Language:English
File Size:1.546
Format:PDF
Price:FREE
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