On Informational Decentralization And Efficiency In Resource Allocation Mechanisms

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Designing Economic Mechanisms

Author : Leonid Hurwicz
Publisher : Cambridge University Press
ISBN 13 : 113945434X
Total Pages : 321 pages
Book Rating : 4.1/5 (394 download)

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Book Synopsis Designing Economic Mechanisms by : Leonid Hurwicz

Download or read book Designing Economic Mechanisms written by Leonid Hurwicz and published by Cambridge University Press. This book was released on 2006-05-22 with total page 321 pages. Available in PDF, EPUB and Kindle. Book excerpt: A mechanism is a mathematical structure that models institutions through which economic activity is guided and coordinated. There are many such institutions; markets are the most familiar ones. Lawmakers, administrators and officers of private companies create institutions in order to achieve desired goals. They seek to do so in ways that economize on the resources needed to operate the institutions, and that provide incentives that induce the required behaviors. This book presents systematic procedures for designing mechanisms that achieve specified performance, and economize on the resources required to operate the mechanism. The systematic design procedures are algorithms for designing informationally efficient mechanisms. Most of the book deals with these procedures of design. When there are finitely many environments to be dealt with, and there is a Nash-implementing mechanism, our algorithms can be used to make that mechanism into an informationally efficient one. Informationally efficient dominant strategy implementation is also studied.

The Rate and Direction of Inventive Activity

Author : National Bureau of Economic Research
Publisher : Princeton University Press
ISBN 13 : 1400879760
Total Pages : 647 pages
Book Rating : 4.4/5 (8 download)

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Book Synopsis The Rate and Direction of Inventive Activity by : National Bureau of Economic Research

Download or read book The Rate and Direction of Inventive Activity written by National Bureau of Economic Research and published by Princeton University Press. This book was released on 2015-12-08 with total page 647 pages. Available in PDF, EPUB and Kindle. Book excerpt: The papers here range from description and analysis of how our political economy allocates its inventive effort, to studies of the decision making process in specific industrial laboratories. Originally published in 1962. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.

Microeconomic Theory

Author : Larry Samuelson
Publisher : Springer Science & Business Media
ISBN 13 : 9780898381702
Total Pages : 306 pages
Book Rating : 4.3/5 (817 download)

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Book Synopsis Microeconomic Theory by : Larry Samuelson

Download or read book Microeconomic Theory written by Larry Samuelson and published by Springer Science & Business Media. This book was released on 1986-03-31 with total page 306 pages. Available in PDF, EPUB and Kindle. Book excerpt: It is often said that everyone understands precisely what is meant by the notion of probability-except those who have spent their lives studying the matter. Upon close scrutiny, the intuitively obvious idea of probability becomes quite elusive. Is it a subjective or objective concept? Are random variables simply improperly measured deterministic variables, or inherently random? What is meant by the phrase "other things held constant" that often appears in descriptions of probability? These questions involve fundamental philosophical and scientific issues, and promise to elude definitive answers for some time. The same type of difficulty arises when attempting to produce a volume on microeconomic theory. The obvious first question-what is microeconomic theory?--

The Behavioral and Social Sciences

Author : National Research Council
Publisher : National Academies Press
ISBN 13 : 0309037492
Total Pages : 301 pages
Book Rating : 4.3/5 (9 download)

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Book Synopsis The Behavioral and Social Sciences by : National Research Council

Download or read book The Behavioral and Social Sciences written by National Research Council and published by National Academies Press. This book was released on 1988-02-01 with total page 301 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume explores the scientific frontiers and leading edges of research across the fields of anthropology, economics, political science, psychology, sociology, history, business, education, geography, law, and psychiatry, as well as the newer, more specialized areas of artificial intelligence, child development, cognitive science, communications, demography, linguistics, and management and decision science. It includes recommendations concerning new resources, facilities, and programs that may be needed over the next several years to ensure rapid progress and provide a high level of returns to basic research.

Decentralization In Health Care: Strategies And Outcomes

Author : Saltman, Richard
Publisher : McGraw-Hill Education (UK)
ISBN 13 : 033521925X
Total Pages : 327 pages
Book Rating : 4.3/5 (352 download)

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Book Synopsis Decentralization In Health Care: Strategies And Outcomes by : Saltman, Richard

Download or read book Decentralization In Health Care: Strategies And Outcomes written by Saltman, Richard and published by McGraw-Hill Education (UK). This book was released on 2006-12-01 with total page 327 pages. Available in PDF, EPUB and Kindle. Book excerpt: Exploring the capacity and impact of decentralization within European health care systems, this book examines both the theoretical underpinnings as well as practical experience with decentralization.

Decentralized Resources Allocation Mechanisms in Networks

Author : Tudor Mihai Stoenescu
Publisher :
ISBN 13 :
Total Pages : 428 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Decentralized Resources Allocation Mechanisms in Networks by : Tudor Mihai Stoenescu

Download or read book Decentralized Resources Allocation Mechanisms in Networks written by Tudor Mihai Stoenescu and published by . This book was released on 2004 with total page 428 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Information, Incentives, and Economic Mechanisms

Author : Theodore Groves
Publisher : U of Minnesota Press
ISBN 13 : 1452908044
Total Pages : 410 pages
Book Rating : 4.4/5 (529 download)

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Book Synopsis Information, Incentives, and Economic Mechanisms by : Theodore Groves

Download or read book Information, Incentives, and Economic Mechanisms written by Theodore Groves and published by U of Minnesota Press. This book was released on 1987 with total page 410 pages. Available in PDF, EPUB and Kindle. Book excerpt: Printbegrænsninger: Der kan printes 10 sider ad gangen og max. 40 sider pr. session

The Economics of Informational Decentralization: Complexity, Efficiency, and Stability

Author : John O. Ledyard
Publisher : Springer Science & Business Media
ISBN 13 : 1461522617
Total Pages : 448 pages
Book Rating : 4.4/5 (615 download)

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Book Synopsis The Economics of Informational Decentralization: Complexity, Efficiency, and Stability by : John O. Ledyard

Download or read book The Economics of Informational Decentralization: Complexity, Efficiency, and Stability written by John O. Ledyard and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 448 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this volume are papers written by students and co-authors of Stanley Reiter. The collection reflects to some extent the range of his interests and intellectual curiosity. He has published papers in statistics, manage ment science, international trade, and welfare economics. He co-authored early papers in economic history and is reported to be largely responsible for giving the field its name of Cliometrics. He helped initiate, nurture and establish the area of economics now known as mechanism design which studies information decentralization, incentives, computational complexity and the dynamics of decentralized interactions. The quality, craft, depth, and innovative nature of his work has always been at an exceptionally high level. Stan has had a strong and important direct effect on many students at Purdue University and Northwestern University. He created and taught a course which all of his students have both dreaded and respected. Using the Socratic method in remarkably effective ways to teach theory skills, he has guided, prodded, and encouraged us to levels we did not think we were capable of. Some of his students are represented in this volume. But even those whose careers took directions other than mathematical economics still consider that training to be an important component of their success. Stan's students include department chairmen, business executives, Deans, a Secretary of the Air Force, and a College President. His guidance has been necessary and fundamental to whatever successes we have had.

The Knowledge We Have Lost in Information

Author : Philip Mirowski
Publisher : Oxford University Press
ISBN 13 : 0190270055
Total Pages : 313 pages
Book Rating : 4.1/5 (92 download)

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Book Synopsis The Knowledge We Have Lost in Information by : Philip Mirowski

Download or read book The Knowledge We Have Lost in Information written by Philip Mirowski and published by Oxford University Press. This book was released on 2017 with total page 313 pages. Available in PDF, EPUB and Kindle. Book excerpt: An enlightening examination of the role of information in modern economics and how it influences policy and politics.

Decentralization In Infinite Horizon Economies

Author : Mukul Majumdar
Publisher : CRC Press
ISBN 13 : 0429722516
Total Pages : 205 pages
Book Rating : 4.4/5 (297 download)

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Book Synopsis Decentralization In Infinite Horizon Economies by : Mukul Majumdar

Download or read book Decentralization In Infinite Horizon Economies written by Mukul Majumdar and published by CRC Press. This book was released on 2019-03-07 with total page 205 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book summarizes some issues involved in developing a theory of decentralized resource allocation mechanism in infinite horizon economies. It constitutes a definitive account of cutting-edge research on a topic of continuing importance in price theory. .

Informational Aspects of Decentralized Resource Allocation

Author : Takashi Ishikida
Publisher :
ISBN 13 :
Total Pages : 298 pages
Book Rating : 4.:/5 (33 download)

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Book Synopsis Informational Aspects of Decentralized Resource Allocation by : Takashi Ishikida

Download or read book Informational Aspects of Decentralized Resource Allocation written by Takashi Ishikida and published by . This book was released on 1992 with total page 298 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Political Economy of Democratic Decentralization

Author : James Manor
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 152 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis The Political Economy of Democratic Decentralization by : James Manor

Download or read book The Political Economy of Democratic Decentralization written by James Manor and published by World Bank Publications. This book was released on 1999 with total page 152 pages. Available in PDF, EPUB and Kindle. Book excerpt: Nearly all countries worldwide are now experimenting with decentralization. Their motivation are diverse. Many countries are decentralizing because they believe this can help stimulate economic growth or reduce rural poverty, goals central government interventions have failed to achieve. Some countries see it as a way to strengthen civil society and deepen democracy. Some perceive it as a way to off-load expensive responsibilities onto lower level governments. Thus, decentralization is seen as a solution to many different kinds of problems. This report examines the origins and implications decentralization from a political economy perspective, with a focus on its promise and limitations. It explores why countries have often chosen not to decentralize, even when evidence suggests that doing so would be in the interests of the government. It seeks to explain why since the early 1980s many countries have undertaken some form of decentralization. This report also evaluates the evidence to understand where decentralization has considerable promise and where it does not. It identifies conditions needed for decentralization to succeed. It identifies the ways in which decentralization can promote rural development. And it names the goals which decentralization will probably not help achieve.

Allocation, Information and Markets

Author : John Eatwell
Publisher : Springer
ISBN 13 : 1349202150
Total Pages : 321 pages
Book Rating : 4.3/5 (492 download)

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Book Synopsis Allocation, Information and Markets by : John Eatwell

Download or read book Allocation, Information and Markets written by John Eatwell and published by Springer. This book was released on 1989-09-21 with total page 321 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is an extract from the 4-volume dictionary of economics, a reference book which aims to define the subject of economics today. 1300 subject entries in the complete work cover the broad themes of economic theory. This volume concentrates on the topic of allocation information and markets.

Communication in Mechanism Design

Author : Steven R. Williams
Publisher : Cambridge University Press
ISBN 13 : 1139471791
Total Pages : 5 pages
Book Rating : 4.1/5 (394 download)

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Book Synopsis Communication in Mechanism Design by : Steven R. Williams

Download or read book Communication in Mechanism Design written by Steven R. Williams and published by Cambridge University Press. This book was released on 2008-06-02 with total page 5 pages. Available in PDF, EPUB and Kindle. Book excerpt: Mechanism design is the field of economics that treats institutions and procedures as variables that can be selected in order to achieve desired objectives. An important aspect of a mechanism is the communication among its participants that it requires, which complements other design features such as incentives and complexity. A calculus-based theory of communication in mechanisms is developed in this book. The value of a calculus-based approach lies in its familiarity as well as the insight into mechanisms that it provides. Results are developed concerning (i) a first order approach to the construction of mechanisms, (ii) the range of mechanisms that can be used to achieve a given objective, as well as (iii) lower bounds on the required communication.

Advances in Control, Communication Networks, and Transportation Systems

Author : Eyad H. Abed
Publisher : Springer Science & Business Media
ISBN 13 : 0817644091
Total Pages : 380 pages
Book Rating : 4.8/5 (176 download)

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Book Synopsis Advances in Control, Communication Networks, and Transportation Systems by : Eyad H. Abed

Download or read book Advances in Control, Communication Networks, and Transportation Systems written by Eyad H. Abed and published by Springer Science & Business Media. This book was released on 2006-09-10 with total page 380 pages. Available in PDF, EPUB and Kindle. Book excerpt: This unified volume is a collection of invited articles on topics presented at the Symposium on Systems, Control, and Networks, held in Berkeley June 5–7, 2005, in honor of Pravin Varaiya on his 65th birthday. Varaiya is an eminent faculty member of the University of California at Berkeley, widely known for his seminal contributions in areas as diverse as stochastic systems, nonlinear and hybrid systems, distributed systems, communication networks, transportation systems, power networks, economics, optimization, and systems education. The book will serve as an excellent resource for practicing and research engineers, applied mathematicians, and graduate students working in such areas as communication networks, sensor networks, transportation systems, control theory, hybrid systems, and applications.

A Unique Informationally Efficient and Decentralized Mechanism with Fair Outcomes

Author : Xavier Calsamiglia
Publisher :
ISBN 13 :
Total Pages : 52 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis A Unique Informationally Efficient and Decentralized Mechanism with Fair Outcomes by : Xavier Calsamiglia

Download or read book A Unique Informationally Efficient and Decentralized Mechanism with Fair Outcomes written by Xavier Calsamiglia and published by . This book was released on 1991 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Coordination Theory and Collaboration Technology

Author : Gary M. Olson
Publisher : Psychology Press
ISBN 13 : 1135664668
Total Pages : 876 pages
Book Rating : 4.1/5 (356 download)

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Book Synopsis Coordination Theory and Collaboration Technology by : Gary M. Olson

Download or read book Coordination Theory and Collaboration Technology written by Gary M. Olson and published by Psychology Press. This book was released on 2013-05-13 with total page 876 pages. Available in PDF, EPUB and Kindle. Book excerpt: The National Science Foundation funded the first Coordination Theory and Collaboration Technology initiative to look at systems that support collaborations in business and elsewhere. This book explores the global revolution in human interconnectedness. It will discuss the various collaborative workgroups and their use in technology. The initiative focuses on processes of coordination and cooperation among autonomous units in human systems, in computer and communication systems, and in hybrid organizations of both systems. This initiative is motivated by three scientific issues which have been the focus of separate research efforts, but which may benefit from collaborative research. The first is the effort to discover the principles underlying how people collaborate and coordinate work efficiently and productively in environments characterized by a high degree of decentralized computation and decision making. The second is to gain a better fundamental understanding of the structure and outputs of organizations, industries, and markets which incorporate sophisticated, decentralized information and communications technology as an important component of their operations. The third is to understand problems of coordination in decentralized or open computer systems.