Results 151 to 160 of about 2,580,354 (194)
Econometrica, 2005 The mechanism design literature assumes too much common knowledge of the environment among the players and planner. We relax this assumption by studying implementation on richer type spaces, with more higher order uncertainty. We study the "ex post equivalence" question: when is interim implementation on all possible type spaces equivalent to requiring
Stephen Morris, Dirk Bergemann
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2007
Publisher Summary Most of the design systems are based upon experience. This tends to mean that each new system is very similar to the previous one with some minor modifications aimed at reducing the problems that the last machine had. This approach has some merit in that if every time one starts with a blank sheet of paper and ignored all the good ...
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Publisher Summary Most of the design systems are based upon experience. This tends to mean that each new system is very similar to the previous one with some minor modifications aimed at reducing the problems that the last machine had. This approach has some merit in that if every time one starts with a blank sheet of paper and ignored all the good ...
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2008
Mechanism design is the art of designing institutions that align individual incentives with overall social goals. Mechanism design theory was initiated by Hurwicz (1972) and is surveyed in Groves and Ledyard (1987). To bridge the gap between a theoretical mechanism and an actual economic process that solves fundamental social problems, it is important ...
John O. Ledyard, Yan Chen
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Mechanism design is the art of designing institutions that align individual incentives with overall social goals. Mechanism design theory was initiated by Hurwicz (1972) and is surveyed in Groves and Ledyard (1987). To bridge the gap between a theoretical mechanism and an actual economic process that solves fundamental social problems, it is important ...
John O. Ledyard, Yan Chen
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Challenges for Mechanism Design [PDF]
, 2009 Mechanism Design has been the core of mechanical engineering and indeed of industrial engineering since the beginning of engineering practice and particularly in modern times. This has been motivated by the mechanical nature of tasks and interactions with machines that will be still fundamental in human-machine operations, although new and new ...
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2003
Publisher Summary This chapter discusses whether a seller can find out the best way of allocating an object in a bidding process. The outcomes resulting from any equilibrium of any mechanism can be replicated by a truthful equilibrium of some direct mechanism. In this sense, there is no loss of generality in restricting attention to direct mechanisms.
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Publisher Summary This chapter discusses whether a seller can find out the best way of allocating an object in a bidding process. The outcomes resulting from any equilibrium of any mechanism can be replicated by a truthful equilibrium of some direct mechanism. In this sense, there is no loss of generality in restricting attention to direct mechanisms.
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Behavioral and Brain Sciences, 2023
Abstract The authors make a convincing case that behavioral scientists have mistakenly focused on improving individual decision making and in so doing have deflected attention from necessary changes in the rules of the game – societal institutions and policies – that shape individual decisions.
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Abstract The authors make a convincing case that behavioral scientists have mistakenly focused on improving individual decision making and in so doing have deflected attention from necessary changes in the rules of the game – societal institutions and policies – that shape individual decisions.
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Mechanical Design Considerations
1985Once the type and size of engine have been determined, the number and disposition of the cylinders have to be decided. Very often the decision will be influenced by marketing and packaging considerations, as well as whether or not the engine needs to be manufactured with existing machinery.
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Journal of Experimental Biology, 1999
ABSTRACT The most important mechanical property of the artery wall is its non-linear elasticity. Over the last century, this has been well-documented in vessels in many animals, from humans to lobsters. Arteries must be distensible to provide capacitance and pulse-smoothing in the circulation, but they must also be stable to inflation ...
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ABSTRACT The most important mechanical property of the artery wall is its non-linear elasticity. Over the last century, this has been well-documented in vessels in many animals, from humans to lobsters. Arteries must be distensible to provide capacitance and pulse-smoothing in the circulation, but they must also be stable to inflation ...
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SSRN Electronic Journal, 1997
We study Bayesian mechanism design in situations where agents’ information may be multi-dimensional, concentrating on mechanisms that lead to efficient allocations. Our main result is that a generalization of the well-known Vickrey-Clarke-Groves mechanism maximizes the planner’s “revenue” among all efficient mechanisms.
Motty Perry, Motty Perry, Vijay Krishna
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We study Bayesian mechanism design in situations where agents’ information may be multi-dimensional, concentrating on mechanisms that lead to efficient allocations. Our main result is that a generalization of the well-known Vickrey-Clarke-Groves mechanism maximizes the planner’s “revenue” among all efficient mechanisms.
Motty Perry, Motty Perry, Vijay Krishna
openaire +3 more sources