An Introduction to the Theory of Mechanism Design

Business & Finance, Economics, Econometrics, Theory of Economics, Nonfiction, Science & Nature, Mathematics
Cover of the book An Introduction to the Theory of Mechanism Design by Tilman Borgers, Daniel Krahmer, Roland Strausz, Oxford University Press
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Tilman Borgers, Daniel Krahmer, Roland Strausz ISBN: 9780190244682
Publisher: Oxford University Press Publication: May 1, 2015
Imprint: Oxford University Press Language: English
Author: Tilman Borgers, Daniel Krahmer, Roland Strausz
ISBN: 9780190244682
Publisher: Oxford University Press
Publication: May 1, 2015
Imprint: Oxford University Press
Language: English

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.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

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.

More books from Oxford University Press

Cover of the book Deng Xiaoping by Tilman Borgers, Daniel Krahmer, Roland Strausz
Cover of the book The Human Side of M & A by Tilman Borgers, Daniel Krahmer, Roland Strausz
Cover of the book A Passion for Nature by Tilman Borgers, Daniel Krahmer, Roland Strausz
Cover of the book San Francisco - With Audio Level 1 Factfiles Oxford Bookworms Library by Tilman Borgers, Daniel Krahmer, Roland Strausz
Cover of the book Deep Control by Tilman Borgers, Daniel Krahmer, Roland Strausz
Cover of the book Adoption Beyond Borders by Tilman Borgers, Daniel Krahmer, Roland Strausz
Cover of the book Pharmaceutical Freedom by Tilman Borgers, Daniel Krahmer, Roland Strausz
Cover of the book Flourishing in Emerging Adulthood by Tilman Borgers, Daniel Krahmer, Roland Strausz
Cover of the book Cracking the Egyptian Code by Tilman Borgers, Daniel Krahmer, Roland Strausz
Cover of the book Music and the Broadcast Experience by Tilman Borgers, Daniel Krahmer, Roland Strausz
Cover of the book Sherlock Holmes and the Sport of Kings Level 1 Oxford Bookworms Library by Tilman Borgers, Daniel Krahmer, Roland Strausz
Cover of the book Sophocles: Oxford Bibliographies Online Research Guide by Tilman Borgers, Daniel Krahmer, Roland Strausz
Cover of the book Working Women, Literary Ladies by Tilman Borgers, Daniel Krahmer, Roland Strausz
Cover of the book The Book of Job by Tilman Borgers, Daniel Krahmer, Roland Strausz
Cover of the book The Catholic Study Bible by Tilman Borgers, Daniel Krahmer, Roland Strausz
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy