ENGLISH

Bayesian implementation

By Sanjay , Palfrey , Thomas R;Srivastava

Book information

Publisher
CRC Press, Routledge
ISBN
9781003073093, 3718653141, 9781138469495, 9783718653140, 3441993330, 9781000111552, 1000111555, 9781000138917, 1000138917, 9781000154641, 1000154645, 1003073093
ISSN
0191-1708
Language
english
Format
PDF
Filesize
13 MB (13835694 bytes)
Series
Fundamentals of pure and applied economics 53.; Fundamentals of pure and applied economics. Organization theory and allocation processes section
Pages
104\122
Time added
2020-11-29 04:10:53

Description

The first part of Bayesian Implementation presents a basic model of the Bayesian implementation problem and summarizes and explains recent developments in this branch of implementation theory. Substantive problems of interest such as public goods provision, auctions and bargaining are special cases of the model, and these are addressed in subsequent chapters. The implementation problem lies at the heart of a theory of institutions. Simply stated, the goal of implementation theory is to investigate in a rigorous way the relationships between outcomes in a society and how those outcomes arise. Thomas R. Palfrey is a Professor of Economics and Political Science at the California Institute of Technology, USA. His major interests include experimental economics and political science, electoral politics and game theory. Sanjay Srivastava is a Professor of Economics and Finance at the Graduate School of Industrial Administration, Carnegie-Mellon University, USA. His research inter

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