Designing economic mechanisms /:
A mechanism is a mathematical structure that models institutions through which economic activity is guided and coordinated. There are many such institutions; markets are the most familiar ones. Lawmakers, administrators and officers of private companies create institutions in order to achieve desire...
Gespeichert in:
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| Weitere Verfasser: | |
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Cambridge ; New York :
Cambridge University Press,
2006.
|
| Schlagworte: | |
| Online-Zugang: | DE-862 DE-863 |
| Zusammenfassung: | A mechanism is a mathematical structure that models institutions through which economic activity is guided and coordinated. There are many such institutions; markets are the most familiar ones. Lawmakers, administrators and officers of private companies create institutions in order to achieve desired goals. They seek to do so in ways that economize on the resources needed to operate the institutions, and that provide incentives that induce the required behaviors. This book presents systematic procedures for designing mechanisms that achieve specified performance, and economize on the resources required to operate the mechanism. The systematic design procedures are algorithms for designing informationally efficient mechanisms. Most of the book deals with these procedures of design. When there are finitely many environments to be dealt with, and there is a Nash-implementing mechanism, our algorithms can be used to make that mechanism into an informationally efficient one. Informationally efficient dominant strategy implementation is also studied. |
| Beschreibung: | 1 online resource (ix, 344 pages) : illustrations |
| Bibliographie: | Includes bibliographical references (pages 335-340) and index. |
| ISBN: | 0511219008 9780511219009 0521836417 9780521836418 9780511220999 0511220995 9780511754258 0511754256 1280480297 9781280480294 0511220480 9780511220487 1107161452 9781107161450 0511308965 9780511308963 0511219687 9780511219689 9780521724104 0521724104 |
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| 505 | 0 | |a Mechanisms and mechanism design -- From goals to means : constructing mechanisms -- Designing informationally efficient mechanisms using the language of sets -- Revelation mechanisms. | |
| 588 | 0 | |a Print version record. | |
| 520 | |a A mechanism is a mathematical structure that models institutions through which economic activity is guided and coordinated. There are many such institutions; markets are the most familiar ones. Lawmakers, administrators and officers of private companies create institutions in order to achieve desired goals. They seek to do so in ways that economize on the resources needed to operate the institutions, and that provide incentives that induce the required behaviors. This book presents systematic procedures for designing mechanisms that achieve specified performance, and economize on the resources required to operate the mechanism. The systematic design procedures are algorithms for designing informationally efficient mechanisms. Most of the book deals with these procedures of design. When there are finitely many environments to be dealt with, and there is a Nash-implementing mechanism, our algorithms can be used to make that mechanism into an informationally efficient one. Informationally efficient dominant strategy implementation is also studied. | ||
| 546 | |a English. | ||
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| _version_ | 1829094613953019904 |
| adam_text | |
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| author | Hurwicz, Leonid |
| author2 | Reiter, Stanley |
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| author_GND | http://id.loc.gov/authorities/names/n84199768 http://id.loc.gov/authorities/names/n86080402 |
| author_facet | Hurwicz, Leonid Reiter, Stanley |
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| contents | Mechanisms and mechanism design -- From goals to means : constructing mechanisms -- Designing informationally efficient mechanisms using the language of sets -- Revelation mechanisms. |
| ctrlnum | (OCoLC)173610029 |
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| discipline | Wirtschaftswissenschaften |
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| illustrated | Illustrated |
| indexdate | 2025-04-11T08:35:55Z |
| institution | BVB |
| isbn | 0511219008 9780511219009 0521836417 9780521836418 9780511220999 0511220995 9780511754258 0511754256 1280480297 9781280480294 0511220480 9780511220487 1107161452 9781107161450 0511308965 9780511308963 0511219687 9780511219689 9780521724104 0521724104 |
| language | English |
| oclc_num | 173610029 |
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| physical | 1 online resource (ix, 344 pages) : illustrations |
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| spelling | Hurwicz, Leonid. http://id.loc.gov/authorities/names/n84199768 Designing economic mechanisms / Leonid Hurwicz, Stanley Reiter. Cambridge ; New York : Cambridge University Press, 2006. 1 online resource (ix, 344 pages) : illustrations text txt rdacontent computer c rdamedia online resource cr rdacarrier polychrome. rdacc http://rdaregistry.info/termList/RDAColourContent/1003 data file Includes bibliographical references (pages 335-340) and index. Mechanisms and mechanism design -- From goals to means : constructing mechanisms -- Designing informationally efficient mechanisms using the language of sets -- Revelation mechanisms. Print version record. A mechanism is a mathematical structure that models institutions through which economic activity is guided and coordinated. There are many such institutions; markets are the most familiar ones. Lawmakers, administrators and officers of private companies create institutions in order to achieve desired goals. They seek to do so in ways that economize on the resources needed to operate the institutions, and that provide incentives that induce the required behaviors. This book presents systematic procedures for designing mechanisms that achieve specified performance, and economize on the resources required to operate the mechanism. The systematic design procedures are algorithms for designing informationally efficient mechanisms. Most of the book deals with these procedures of design. When there are finitely many environments to be dealt with, and there is a Nash-implementing mechanism, our algorithms can be used to make that mechanism into an informationally efficient one. Informationally efficient dominant strategy implementation is also studied. English. Economics, Mathematical. http://id.loc.gov/authorities/subjects/sh85040869 Economics Mathematical models. http://id.loc.gov/authorities/subjects/sh85040857 Mathematical optimization. http://id.loc.gov/authorities/subjects/sh85082127 Game theory. http://id.loc.gov/authorities/subjects/sh85052941 Game Theory https://id.nlm.nih.gov/mesh/D005716 Mathématiques économiques. Économie politique Modèles mathématiques. Optimisation mathématique. Théorie des jeux. BUSINESS & ECONOMICS Econometrics. bisacsh BUSINESS & ECONOMICS Statistics. bisacsh Economics, Mathematical fast Economics Mathematical models fast Game theory fast Mathematical optimization fast Reiter, Stanley. http://id.loc.gov/authorities/names/n86080402 has work: Designing economic mechanisms (Text) https://id.oclc.org/worldcat/entity/E39PCFyXVHyG9c4B9XTfXhGRw3 https://id.oclc.org/worldcat/ontology/hasWork Print version: Hurwicz, Leonid. Designing economic mechanisms. Cambridge ; New York : Cambridge University Press, 2006 (DLC) 2005034796 |
| spellingShingle | Hurwicz, Leonid Designing economic mechanisms / Mechanisms and mechanism design -- From goals to means : constructing mechanisms -- Designing informationally efficient mechanisms using the language of sets -- Revelation mechanisms. Economics, Mathematical. http://id.loc.gov/authorities/subjects/sh85040869 Economics Mathematical models. http://id.loc.gov/authorities/subjects/sh85040857 Mathematical optimization. http://id.loc.gov/authorities/subjects/sh85082127 Game theory. http://id.loc.gov/authorities/subjects/sh85052941 Game Theory https://id.nlm.nih.gov/mesh/D005716 Mathématiques économiques. Économie politique Modèles mathématiques. Optimisation mathématique. Théorie des jeux. BUSINESS & ECONOMICS Econometrics. bisacsh BUSINESS & ECONOMICS Statistics. bisacsh Economics, Mathematical fast Economics Mathematical models fast Game theory fast Mathematical optimization fast |
| subject_GND | http://id.loc.gov/authorities/subjects/sh85040869 http://id.loc.gov/authorities/subjects/sh85040857 http://id.loc.gov/authorities/subjects/sh85082127 http://id.loc.gov/authorities/subjects/sh85052941 https://id.nlm.nih.gov/mesh/D005716 |
| title | Designing economic mechanisms / |
| title_auth | Designing economic mechanisms / |
| title_exact_search | Designing economic mechanisms / |
| title_full | Designing economic mechanisms / Leonid Hurwicz, Stanley Reiter. |
| title_fullStr | Designing economic mechanisms / Leonid Hurwicz, Stanley Reiter. |
| title_full_unstemmed | Designing economic mechanisms / Leonid Hurwicz, Stanley Reiter. |
| title_short | Designing economic mechanisms / |
| title_sort | designing economic mechanisms |
| topic | Economics, Mathematical. http://id.loc.gov/authorities/subjects/sh85040869 Economics Mathematical models. http://id.loc.gov/authorities/subjects/sh85040857 Mathematical optimization. http://id.loc.gov/authorities/subjects/sh85082127 Game theory. http://id.loc.gov/authorities/subjects/sh85052941 Game Theory https://id.nlm.nih.gov/mesh/D005716 Mathématiques économiques. Économie politique Modèles mathématiques. Optimisation mathématique. Théorie des jeux. BUSINESS & ECONOMICS Econometrics. bisacsh BUSINESS & ECONOMICS Statistics. bisacsh Economics, Mathematical fast Economics Mathematical models fast Game theory fast Mathematical optimization fast |
| topic_facet | Economics, Mathematical. Economics Mathematical models. Mathematical optimization. Game theory. Game Theory Mathématiques économiques. Économie politique Modèles mathématiques. Optimisation mathématique. Théorie des jeux. BUSINESS & ECONOMICS Econometrics. BUSINESS & ECONOMICS Statistics. Economics, Mathematical Economics Mathematical models Game theory Mathematical optimization |
| work_keys_str_mv | AT hurwiczleonid designingeconomicmechanisms AT reiterstanley designingeconomicmechanisms |