TY - BOOK AU - Williams,Steven R. TI - Communication in mechanism design: a differential approach SN - 0511414412 AV - HB141 .W557 2008eb U1 - 330.01/5195 22 PY - 2008/// CY - Cambridge, New York PB - Cambridge University Press KW - Econometric models KW - Information theory in economics KW - Economics, Mathematical KW - Modèles économétriques KW - Théorie de l'information en économie politique KW - BUSINESS & ECONOMICS KW - Econometrics KW - bisacsh KW - Statistics KW - fast KW - Electronic books N1 - Includes bibliographical references and index; 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 N2 - 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 UR - https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=234348 ER -