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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.
- Leonid Hurwicz, Stanley Reiter
- 2006
book presents systematic procedures for designing mechanisms that achieve specifiedperformanceandeconomizeontheresourcesrequiredtooperatethe mechanism, i.e., informationally efficient mechanisms. Our systematic design procedures can be viewed as algorithms for designing informationally efficient mechanisms.
Our aim in this book is to present systematic methods for designing decentralized economic mechanisms whose performance attains specified goals. We begin with an informal discussion of the general problem, and of our approach to it.
Designing Economic Mechanisms. Designing Economic Mechanisms is a 2006 book by economists Leonid Hurwicz and Stanley Reiter. Hurwicz received the 2007 Nobel Memorial Prize in Economic Sciences with Eric Maskin and Roger Myerson for their work on mechanism design.
- Leonid Hurwicz, Stanley Reiter
- 2006
Summary. This book presents an approach to the design of decentralized, informationally efficient economic mechanisms. We provide a systematic process by which a designer of mechanisms, who is presented with a class of possible situations by a client (perhaps a private agent, or a government) and with the client's aims and objectives, can ...
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.
22 de mai. de 2006 · 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...
