An Introduction To The Theory Of Mechanism Design
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An Introduction To The Theory Of Mechanism Design
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Author : Tilman Borgers
language : en
Publisher: Oxford University Press
Release Date : 2015-05-01
An Introduction To The Theory Of Mechanism Design written by Tilman Borgers and has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-05-01 with Business & Economics categories.
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 Börgers 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 Myerson's theorem on expected revenue maximizing auctions, Myerson and Satterthwaite's theorem on the impossibility of ex post efficient bilateral trade with asymmetric information, and Gibbard and Satterthwaite's theorem on the non-existence of dominant strategy voting mechanisms. Börgers 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.
An Introduction To The Theory Of Mechanism Design
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Author : Tilman Börgers
language : en
Publisher:
Release Date : 2015
An Introduction To The Theory Of Mechanism Design written by Tilman Börgers and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015 with Game theory categories.
What is the best auctioning an asset? How should a group of people organise themselves to ensure the best provision of public goods? How should exchanges be organised? These questions are the subject of the economic theory of mechanism design. Tilman Börgers' book presents this theory carefully and rigorously. Advanced undergraduate and graduate students of economics will find an exposition of the classic theory of mechanism design, followed by chapters that take the reader to the frontiers of current research in the area.
Modeling Strategic Behavior A Graduate Introduction To Game Theory And Mechanism Design
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Author : George J Mailath
language : en
Publisher: World Scientific
Release Date : 2018-12-18
Modeling Strategic Behavior A Graduate Introduction To Game Theory And Mechanism Design written by George J Mailath and has been published by World Scientific this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-12-18 with Business & Economics categories.
It is impossible to understand modern economics without knowledge of the basic tools of gametheory and mechanism design. This book provides a graduate-level introduction to the economic modeling of strategic behavior. The goal is to teach Economics doctoral students the tools of game theory and mechanism design that all economists should know.
Mechanism Design
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Author : Rakesh V. Vohra
language : en
Publisher: Cambridge University Press
Release Date : 2011-05-09
Mechanism Design written by Rakesh V. Vohra and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-05-09 with Business & Economics categories.
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.
Game Theory And Mechanism Design
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Author : Y Narahari
language : en
Publisher: World Scientific
Release Date : 2014-03-13
Game Theory And Mechanism Design written by Y Narahari and has been published by World Scientific this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-03-13 with Computers categories.
This book offers a self-sufficient treatment of a key tool, game theory and mechanism design, to model, analyze, and solve centralized as well as decentralized design problems involving multiple autonomous agents that interact strategically in a rational and intelligent way. The contents of the book provide a sound foundation of game theory and mechanism design theory which clearly represent the “science” behind traditional as well as emerging economic applications for the society.The importance of the discipline of game theory has been recognized through numerous Nobel prizes in economic sciences being awarded to game theorists, including the 2005, 2007, and 2012 prizes. The book distills the marvelous contributions of these and other celebrated game theorists and presents it in a way that can be easily understood even by senior undergraduate students.A unique feature of the book is its detailed coverage of mechanism design which is the art of designing a game among strategic agents so that a social goal is realized in an equilibrium of the induced game. Another feature is a large number of illustrative examples that are representative of both classical and modern applications of game theory and mechanism design. The book also includes informative biographical sketches of game theory legends, and is specially customized to a general engineering audience.After a thorough reading of this book, readers would be able to apply game theory and mechanism design in a principled and mature way to solve relevant problems in computer science (esp, artificial intelligence/machine learning), computer engineering, operations research, industrial engineering and microeconomics.
Introduction To The Theory Of Mechanism Design
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Author : Tilman Borgers
language : en
Publisher: Oxford University Press, USA
Release Date : 2015-01-01
Introduction To The Theory Of Mechanism Design written by Tilman Borgers and has been published by Oxford University Press, USA this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-01-01 with Game theory categories.
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 Myerson's theorem on expected revenue maximizing auctions, Myerson and Satterthwaite's theorem on the impossibility of ex post efficient bilateral trade with asymmetric information, and Gibbard and Satterthwaite's 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.
An Introduction To The Theory Of Mechanism Design
DOWNLOAD
Author : Tilman Borgers
language : en
Publisher: Oxford University Press
Release Date : 2015-05-01
An Introduction To The Theory Of Mechanism Design written by Tilman Borgers and has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-05-01 with Business & Economics categories.
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 Börgers 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 Myerson's theorem on expected revenue maximizing auctions, Myerson and Satterthwaite's theorem on the impossibility of ex post efficient bilateral trade with asymmetric information, and Gibbard and Satterthwaite's theorem on the non-existence of dominant strategy voting mechanisms. Börgers 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.
Mechanism Design
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Author : Kevin Russell
language : en
Publisher: CRC Press
Release Date : 2013-12-02
Mechanism Design written by Kevin Russell and has been published by CRC Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-12-02 with Technology & Engineering categories.
In the field of mechanism design, kinematic synthesis is a creative means to produce mechanism solutions. Combined with the emergence of powerful personal computers, mathematical analysis software and the development of quantitative methods for kinematic synthesis, there is an endless variety of possible mechanism solutions that users are free to e
An Introduction To The Theory Of Mechanism Design
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Author : Tilman Börgers
language : en
Publisher: Oxford University Press, USA
Release Date : 2015
An Introduction To The Theory Of Mechanism Design written by Tilman Börgers and has been published by Oxford University Press, USA this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015 with Business & Economics categories.
This book is meant for advanced undergraduate and graduate students of economics who have a good understanding of game theory.
Twenty Lectures On Algorithmic Game Theory
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Author : Tim Roughgarden
language : en
Publisher: Cambridge University Press
Release Date : 2016-09-01
Twenty Lectures On Algorithmic Game Theory written by Tim Roughgarden and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-09-01 with Computers categories.
Computer science and economics have engaged in a lively interaction over the past fifteen years, resulting in the new field of algorithmic game theory. Many problems that are central to modern computer science, ranging from resource allocation in large networks to online advertising, involve interactions between multiple self-interested parties. Economics and game theory offer a host of useful models and definitions to reason about such problems. The flow of ideas also travels in the other direction, and concepts from computer science are increasingly important in economics. This book grew out of the author's Stanford University course on algorithmic game theory, and aims to give students and other newcomers a quick and accessible introduction to many of the most important concepts in the field. The book also includes case studies on online advertising, wireless spectrum auctions, kidney exchange, and network management.