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:
| Beteilige Person: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | Englisch |
| Veröffentlicht: |
Cambridge
Cambridge University Press
2006
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| Schlagwörter: | |
| Links: | https://doi.org/10.1017/CBO9780511754258 https://doi.org/10.1017/CBO9780511754258 https://doi.org/10.1017/CBO9780511754258 https://doi.org/10.1017/CBO9780511754258 |
| 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: | Title from publisher's bibliographic system (viewed on 05 Oct 2015) |
| Umfang: | 1 online resource (ix, 344 pages) |
| ISBN: | 9780511754258 |
| DOI: | 10.1017/CBO9780511754258 |
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| dewey-tens | 330 - Economics |
| discipline | Wirtschaftswissenschaften |
| doi_str_mv | 10.1017/CBO9780511754258 |
| format | Electronic eBook |
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| id | DE-604.BV043924597 |
| illustrated | Not Illustrated |
| indexdate | 2024-12-20T17:48:45Z |
| institution | BVB |
| isbn | 9780511754258 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-029333676 |
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| spelling | Hurwicz, Leonid Verfasser aut Designing economic mechanisms Leonid Hurwicz, Stanley Reiter Cambridge Cambridge University Press 2006 1 online resource (ix, 344 pages) txt rdacontent c rdamedia cr rdacarrier Title from publisher's bibliographic system (viewed on 05 Oct 2015) 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 Mathematisches Modell Wirtschaft Economics, Mathematical Economics / Mathematical models Mathematical optimization Game theory Mathematisches Modell (DE-588)4114528-8 gnd rswk-swf Wirtschaft (DE-588)4066399-1 gnd rswk-swf Wirtschaftstheorie (DE-588)4079351-5 gnd rswk-swf Spieltheorie (DE-588)4056243-8 gnd rswk-swf Wirtschaftliches Verhalten (DE-588)4197971-0 gnd rswk-swf Marktmechanismus (DE-588)4139127-5 gnd rswk-swf Modellierung (DE-588)4170297-9 gnd rswk-swf Optimierung (DE-588)4043664-0 gnd rswk-swf Wirtschaftstheorie (DE-588)4079351-5 s Marktmechanismus (DE-588)4139127-5 s Optimierung (DE-588)4043664-0 s Spieltheorie (DE-588)4056243-8 s Mathematisches Modell (DE-588)4114528-8 s 1\p DE-604 Wirtschaft (DE-588)4066399-1 s 2\p DE-604 Wirtschaftliches Verhalten (DE-588)4197971-0 s Modellierung (DE-588)4170297-9 s 3\p DE-604 Reiter, Stanley Sonstige oth Erscheint auch als Druckausgabe 978-0-521-72410-4 Erscheint auch als Druckausgabe 978-0-521-83641-8 https://doi.org/10.1017/CBO9780511754258 Verlag URL des Erstveröffentlichers Volltext 1\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk 2\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk 3\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk |
| spellingShingle | Hurwicz, Leonid Designing economic mechanisms Mathematisches Modell Wirtschaft Economics, Mathematical Economics / Mathematical models Mathematical optimization Game theory Mathematisches Modell (DE-588)4114528-8 gnd Wirtschaft (DE-588)4066399-1 gnd Wirtschaftstheorie (DE-588)4079351-5 gnd Spieltheorie (DE-588)4056243-8 gnd Wirtschaftliches Verhalten (DE-588)4197971-0 gnd Marktmechanismus (DE-588)4139127-5 gnd Modellierung (DE-588)4170297-9 gnd Optimierung (DE-588)4043664-0 gnd |
| subject_GND | (DE-588)4114528-8 (DE-588)4066399-1 (DE-588)4079351-5 (DE-588)4056243-8 (DE-588)4197971-0 (DE-588)4139127-5 (DE-588)4170297-9 (DE-588)4043664-0 |
| 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 | Mathematisches Modell Wirtschaft Economics, Mathematical Economics / Mathematical models Mathematical optimization Game theory Mathematisches Modell (DE-588)4114528-8 gnd Wirtschaft (DE-588)4066399-1 gnd Wirtschaftstheorie (DE-588)4079351-5 gnd Spieltheorie (DE-588)4056243-8 gnd Wirtschaftliches Verhalten (DE-588)4197971-0 gnd Marktmechanismus (DE-588)4139127-5 gnd Modellierung (DE-588)4170297-9 gnd Optimierung (DE-588)4043664-0 gnd |
| topic_facet | Mathematisches Modell Wirtschaft Economics, Mathematical Economics / Mathematical models Mathematical optimization Game theory Wirtschaftstheorie Spieltheorie Wirtschaftliches Verhalten Marktmechanismus Modellierung Optimierung |
| url | https://doi.org/10.1017/CBO9780511754258 |
| work_keys_str_mv | AT hurwiczleonid designingeconomicmechanisms AT reiterstanley designingeconomicmechanisms |