Mechanism Design

A Linear Programming Approach
Erscheinungsjahr 2011
ISBN: 978-0-521-17946-1
Verlag: Cambridge University Press

Buch, Englisch, Band 47, 184 Seiten, Format (B × H): 152 mm x 229 mm, Gewicht: 276 g

Reihe: Econometric Society Monographs

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.

Autoren/Hrsg.

Vohra, Rakesh V.

Fachgebiete

• Mathematik | Informatik Mathematik Operations Research
• Wirtschaftswissenschaften Betriebswirtschaft Unternehmensforschung

Inhaltsverzeichnis

1. Introduction; 2. Arrow's theorem and its consequences; 3. Network flow problem; 4. Incentive compatibility; 5. Efficiency; 6. Revenue maximization; 7. Rationalizability.

Über Autor(innen)

Vohra, Rakesh V.
Rakesh V. Vohra is the John L. and Helen Kellogg Professor of Managerial Economics and Decision Sciences at the Kellogg School of Management, Northwestern University, where he is also Director of the Center for Mathematical Studies in Economics and Management Science. He previously taught at the Fisher School of Business, Ohio State University and is the author of Advanced Mathematical Economics (2005). Professor Vohra has also completed a manuscript on the principles of pricing with Lakshman Krishnamurthi, Professor of Marketing at the Kellogg School. Professor Vohra received his doctorate in mathematics from the University of Maryland.