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|a Williams, Steven R.,
|d 1954-
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|a Communication in mechanism design :
|b a differential approach /
|c Steven R. Williams.
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|a Cambridge ;
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|a Includes bibliographical references and index.
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|a Print version record.
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|a 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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|a 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
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|a Théorie de l'information en économie politique.
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|i Print version:
|a Williams, Steven R., 1954-
|t Communication in mechanism design.
|d Cambridge ; New York : Cambridge University Press, 2008
|w (DLC) 2007051003
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