Mechanism Design

A Linear Programming Approach

Business & Finance, Economics, Microeconomics, Nonfiction, Science & Nature, Mathematics
Cover of the book Mechanism Design by Rakesh V. Vohra, Cambridge University Press
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Rakesh V. Vohra ISBN: 9781107714236
Publisher: Cambridge University Press Publication: May 9, 2011
Imprint: Cambridge University Press Language: English
Author: Rakesh V. Vohra
ISBN: 9781107714236
Publisher: Cambridge University Press
Publication: May 9, 2011
Imprint: Cambridge University Press
Language: English

Mechanism design is an analytical framework for thinking clearly and carefully about what exactly a given institution can achieve when the information necessary to make decisions is dispersed and privately held. This analysis provides an account of the underlying mathematics of mechanism design based on linear programming. Three advantages characterize the approach. The first is simplicity: arguments based on linear programming are both elementary and transparent. The second is unity: the machinery of linear programming provides a way to unify results from disparate areas of mechanism design. The third is reach: the technique offers the ability to solve problems that appear to be beyond solutions offered by traditional methods. No claim is made that the approach advocated should supplant traditional mathematical machinery. Rather, the approach represents an addition to the tools of the economic theorist who proposes to understand economic phenomena through the lens of mechanism design.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

Mechanism design is an analytical framework for thinking clearly and carefully about what exactly a given institution can achieve when the information necessary to make decisions is dispersed and privately held. This analysis provides an account of the underlying mathematics of mechanism design based on linear programming. Three advantages characterize the approach. The first is simplicity: arguments based on linear programming are both elementary and transparent. The second is unity: the machinery of linear programming provides a way to unify results from disparate areas of mechanism design. The third is reach: the technique offers the ability to solve problems that appear to be beyond solutions offered by traditional methods. No claim is made that the approach advocated should supplant traditional mathematical machinery. Rather, the approach represents an addition to the tools of the economic theorist who proposes to understand economic phenomena through the lens of mechanism design.

More books from Cambridge University Press

Cover of the book Community and Identity in Ancient Egypt by Rakesh V. Vohra
Cover of the book The Cambridge Companion to Jazz by Rakesh V. Vohra
Cover of the book The Road to Independence for Kosovo by Rakesh V. Vohra
Cover of the book The Impact of Idealism: Volume 2, Historical, Social and Political Thought by Rakesh V. Vohra
Cover of the book Thermodynamic Foundations of the Earth System by Rakesh V. Vohra
Cover of the book Greek Tragic Style by Rakesh V. Vohra
Cover of the book Opera and Modern Spectatorship in Late Nineteenth-Century Italy by Rakesh V. Vohra
Cover of the book Medicine and Public Health in Latin America by Rakesh V. Vohra
Cover of the book The Sublime in Modern Philosophy by Rakesh V. Vohra
Cover of the book Competition Law and Economic Regulation by Rakesh V. Vohra
Cover of the book Case Studies in Emergency Medicine by Rakesh V. Vohra
Cover of the book Auxiliary Polynomials in Number Theory by Rakesh V. Vohra
Cover of the book Asian Capitalism and the Regulation of Competition by Rakesh V. Vohra
Cover of the book Augustine's City of God by Rakesh V. Vohra
Cover of the book Harmonic and Subharmonic Function Theory on the Hyperbolic Ball by Rakesh V. Vohra
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy