Communication in mechanism design : a differential approach / Steven R. Williams.

By:

Williams, Steven R, 1954-

Material type: Text

TextPublication details: Cambridge ; New York : Cambridge University Press, 2008.Description: 1 online resource (xv, 197 pages) : illustrationsContent type:

text

Media type:

computer

Carrier type:

online resource

ISBN:

0511414412
9780511415098
0511415095
9780511414411
6611751084
9786611751081

Subject(s): Genre/Form:

Additional physical formats: Print version:: Communication in mechanism design.DDC classification:

330.01/5195 22

LOC classification:

HB141 .W557 2008eb

Online resources:

Click here to access online

Contents:

Cover; Half-title; Title; Copyright; Dedication; Contents; Preface; Acknowledgment; 1 Introduction; 2 Classical Concepts and Results; 3 Application to Mechanisms; 4 Realizing a C... Mapping; Bibliography; Index

Summary: 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.

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Electronic-Books	OPJGU Sonepat- Campus	E-Books EBSCO			Available

Includes bibliographical references and index.

Print version record.

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.

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