text.skipToContent text.skipToNavigation

Introduction to the Theory of Mechanism Design von Borgers, Tilman (eBook)

  • Erscheinungsdatum: 01.05.2015
  • Verlag: Oxford University Press
eBook (PDF)
39,59 €
inkl. gesetzl. MwSt.
Sofort per Download lieferbar

Online verfügbar

Introduction to the Theory of Mechanism Design

What is the best way to auction an asset? How should a group of people organize themselves to ensure the best provision of public goods? How should exchanges be organized? In An Introduction to the Theory of Mechanism Design, Tilman Borgers addresses these questions and more through an exploration of the economic theory of mechanism design. Mechanism design is reverse game theory. Whereas game theory takes the rules of the game as a given and makes predictions about the behavior of strategic players, the theory of mechanism design goes a step further and selects the optimal rules of the game. A relatively new economic theory, mechanism design studies the instrument itself as well as the results of the instrument. An Introduction to the Theory of Mechanism Design provides rigorous but accessible explanations of classic results in the theory of mechanism design, such as Myersons theorem on expected revenue maximizing auctions, Myerson and Satterthwaites theorem on the impossibility of ex post efficient bilateral trade with asymmetric information, and Gibbard and Satterthwaites theorem on the non-existence of dominant strategy voting mechanisms. Borgers also provides an examination of the frontiers of current research in the area with an original and unified perspective that will appeal to advanced students of economics.

Produktinformationen

    Format: PDF
    Kopierschutz: AdobeDRM
    Erscheinungsdatum: 01.05.2015
    Sprache: Englisch
    ISBN: 9780199875887
    Verlag: Oxford University Press
Weiterlesen weniger lesen

Kundenbewertungen

    HOFER life eBooks: Die perfekte App zum Lesen von eBooks.

    Hier findest Du alle Deine eBooks und viele praktische Lesefunktionen.