Communication in mechanism design: A differential approach

Steven R. Williams

Research output: Book/Report/Conference proceedingBook

Abstract

Mechanism design is the field of economics that treats institutions and procedures as variables that can be selected in order to achieve desired objectives. An important aspect of a mechanism is the communication among its participants that it requires, which complements other design features such as incentives and complexity. A calculus-based theory of communication in mechanisms is developed in this book. The value of a calculus-based approach lies in its familiarity as well as the insight into mechanisms that it provides. Results are developed concerning (i) a first order approach to the construction of mechanisms, (ii) the range of mechanisms that can be used to achieve a given objective, as well as (iii) lower bounds on the required communication.

Original languageEnglish (US)
PublisherCambridge University Press
Number of pages197
ISBN (Electronic)9780511753923
ISBN (Print)9780521851312
DOIs
StatePublished - Jan 1 2008

ASJC Scopus subject areas

  • Economics, Econometrics and Finance(all)

Fingerprint Dive into the research topics of 'Communication in mechanism design: A differential approach'. Together they form a unique fingerprint.

Cite this