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behaviors. In this book, systematic procedures for designing mechanisms that achieve specified performance goals, and economize on the resources required to operate the mechanism, i.e., informationally efficient mechanisms, are presented. Most of the book deals with the systematic design procedures which are algorithms for designing informationally efficient mechanisms. In the book, informationally efficient dominant strategy implementation is also studied.
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are usually created by administrators, lawmakers, and officers of private companies to achieve their desired goals. Their purpose is to achieve their desired goal in a way that economizes on the resources needed to operate the institutions, and that provides incentives that induce the required
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A decentralized mechanism is a mathematical structure that models institutions for guiding and coordinating economic activity. Such
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to it so that it can be listed with similar articles.
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