The Theory of Implementation of Socially Optimal Decisions in Economics

Name: The Theory of Implementation of Socially Optimal Decisions in Economics
Author: L. Corchon

Specificaties

Gebonden, blz. | Engels

Palgrave Macmillan UK | e druk, 1996

ISBN13: 9780333657942

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Juridisch :

Palgrave Macmillan UK e druk, 1996 9780333657942

€ 183,99

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Samenvatting

Since the early seventies, following the pioneering work by Leo Hurwicz, economists have been studying the relationship between socially optimal goals and private self-interest. The task was to reconcile the Utopian and Hobbesian traditions, using game theory to find ways to organise the society that are both socially optimal and incentive compatible. This book provides a succinct and up-to-date account of this vast literature and will be welcomed by students, lecturers and anyone wishing to update their knowledge of the field.

Specificaties

ISBN13:9780333657942

Taal:Engels

Bindwijze:gebonden

Uitgever:Palgrave Macmillan UK

Hoofdrubriek:Economie

Inhoudsopgave

Introduction - Economies with Public Goods - Resource Allocation Mechanisms - Dominant Strategies and Direct Mechanisms - Implementation in Nash Equilibria (I): General Results - Implementation in Nash Equilibrium (II): Applications - Refining Nash Implementation - Bayesian Implementation - Index