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Tilman Borgers offers the first book-length introduction into the theory of mechanism design. Written in a very personal and masterful style, he carefully covers the main developments in theory of mechanism design-the theory of how to choose the rules of the game-over the past decades. It will be an ideal textbook for advanced undergraduate and graduate courses for many years to come. (Dirk Bergemann, Douglass and Marion Campbell Professor of Economics and Chair, Yale University)
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What is the best way of auctioning 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, also known as reverse game theory. Game theory takes the rules of the game as a given and makes predictions about the behavior of strategic players, but the theory of mechanism design goes a step further to select the optimal rules of the game.
A relatively new economic theory, mechanism design studies the instrument itself rather than 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.
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- VerlagOUP USA
- Erscheinungsdatum2015
- ISBN 10 019973402X
- ISBN 13 9780199734023
- EinbandTapa dura
- SpracheEnglisch
- Anzahl der Seiten264
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An Introduction to the Theory of Mechanism Design
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Hardcover. Zustand: Brand New. 1st edition. 264 pages. 9.50x6.25x0.75 inches. In Stock. Artikel-Nr. __019973402X
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Beispielbild für diese ISBN
An Introduction to the Theory of Mechanism Design
Anbieter: Revaluation Books, Exeter, Vereinigtes Königreich
Verkäuferbewertung 5 von 5 Sternen
Hardcover. Zustand: Brand New. 1st edition. 264 pages. 9.50x6.25x0.75 inches. In Stock. Artikel-Nr. x-019973402X
Anzahl: 2 verfügbar
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An Introduction to the Theory of Mechanism Design
Verlag:
Oxford University Press Jun 2015, 2015
ISBN 10: 019973402X
ISBN 13: 9780199734023
Neu
Hardcover
Anbieter: AHA-BUCH GmbH, Einbeck, Deutschland
Verkäuferbewertung 5 von 5 Sternen
Buch. Zustand: Neu. Neuware - An Introduction to the Theory of Mechanism Design is a rigorous but accessible exploration mechanism design, also known as reverse game theory. Artikel-Nr. 9780199734023
Anzahl: 2 verfügbar