| Document Type
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BL
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| Record Number
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965634
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| Doc. No
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b720004
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| Main Entry
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Williams, Steven R.,1954-
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| Title & Author
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Communication in mechanism design : : a differential approach /\ Steven R. Williams.
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| Publication Statement
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Cambridge ;New York :: Cambridge University Press,, 2008.
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| Page. NO
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1 online resource (xv, 197 pages) :: illustrations
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| ISBN
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0511414412
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: 0511415095
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: 6611751084
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: 9780511414411
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: 9780511415098
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: 9786611751081
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0521851319
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9780521851312
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| Bibliographies/Indexes
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Includes bibliographical references and index.
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| Abstract
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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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| Subject
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Econometric models.
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| Subject
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Economics, Mathematical.
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Information theory in economics.
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BUSINESS ECONOMICS-- Econometrics.
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| Subject
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BUSINESS ECONOMICS-- Statistics.
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| Subject
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Econometric models.
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| Subject
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Economics, Mathematical.
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| Subject
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Information theory in economics.
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| Dewey Classification
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330.01/5195
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| LC Classification
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HB141.W557 2008eb
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