The theory of implementation of socially optimal decisions in economics
Author(s)
Bibliographic Information
The theory of implementation of socially optimal decisions in economics
Macmillan Press , St. Martin's Press, 1996
- : uk
- : us
Available at 36 libraries
Note
:Publisher varies: Palgrave Macmillan
Includes bibliographies and index
Description and Table of Contents
- Volume
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: us ISBN 9780312159535
Description
Based on his graduate course at the University of Alicante, Spain, Corch=n synthesizes the literature since the early 1970s on the relationship between socially optimal goals and private self-interest. The purpose of the debate has been to reconcile the Utopian and Hobbesian traditions, using game
- Volume
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: uk ISBN 9780333657942
Description
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.
Table of Contents
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
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