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Author: Takashi Kunimoto
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
We assess the strength of the different conditions identified in the literature of robust mechanism design. We focus on three conditions: ex post incentive compatibility, robust monotonicity, and robust measurability. Ex post incentive compatibility has been shown to be necessary for any concept of robust implementation, while robust monotonicity and robust measurability have been shown to be necessary for robust (full) exact and virtual implementation, respectively. This paper shows that while violations of ex post incentive compatibility and robust monotonicity do not easily go away, we identify a mild condition on environments in which robust measurability is satisfied by all social choice functions over an open and dense subset of first-order types. We conclude that there is a precise sense in which robust virtual implementation can be significantly more permissive than robust exact implementation. -- robust mechanism design ; ex post incentive compatibility ; robust monotonicity ; robust measurability
Author: Takashi Kunimoto
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
We assess the strength of the different conditions identified in the literature of robust mechanism design. We focus on three conditions: ex post incentive compatibility, robust monotonicity, and robust measurability. Ex post incentive compatibility has been shown to be necessary for any concept of robust implementation, while robust monotonicity and robust measurability have been shown to be necessary for robust (full) exact and virtual implementation, respectively. This paper shows that while violations of ex post incentive compatibility and robust monotonicity do not easily go away, we identify a mild condition on environments in which robust measurability is satisfied by all social choice functions over an open and dense subset of first-order types. We conclude that there is a precise sense in which robust virtual implementation can be significantly more permissive than robust exact implementation. -- robust mechanism design ; ex post incentive compatibility ; robust monotonicity ; robust measurability
Author: Dirk Bergemann
Publisher: World Scientific
ISBN: 981437458X
Category : Business & Economics
Languages : en
Pages : 471
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Book Description
Foreword by Eric Maskin (Nobel Laureate in Economics, 2007)This volume brings together the collected contributions on the theme of robust mechanism design and robust implementation that Dirk Bergemann and Stephen Morris have been working on for the past decade. The collection is preceded by a comprehensive introductory essay, specifically written for this volume with the aim of providing the readers with an overview of the research agenda pursued in the collected papers.The introduction selectively presents the main results of the papers, and attempts to illustrate many of them in terms of a common and canonical example, namely a single unit auction with interdependent values. It is our hope that the use of this example facilitates the presentation of the results and that it brings the main insights within the context of an important economic mechanism, namely the generalized second price auction.
Author: Dirk Bergemann
Publisher: World Scientific
ISBN: 9814374598
Category : Business & Economics
Languages : en
Pages : 471
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Book Description
Robust Mechanism Design: the Role of Private Information and Higher Order Beliefs.
Author: Dirk Bergemann
Publisher:
ISBN:
Category : Game theory
Languages : en
Pages : 56
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Book Description
Author: Veli-Pekka Parkkinen
Publisher: Springer
ISBN: 3319946102
Category : Medical
Languages : en
Pages : 125
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Book Description
This book is open access under a CC BY license. This book is the first to develop explicit methods for evaluating evidence of mechanisms in the field of medicine. It explains why it can be important to make this evidence explicit, and describes how to take such evidence into account in the evidence appraisal process. In addition, it develops procedures for seeking evidence of mechanisms, for evaluating evidence of mechanisms, and for combining this evaluation with evidence of association in order to yield an overall assessment of effectiveness. Evidence-based medicine seeks to achieve improved health outcomes by making evidence explicit and by developing explicit methods for evaluating it. To date, evidence-based medicine has largely focused on evidence of association produced by clinical studies. As such, it has tended to overlook evidence of pathophysiological mechanisms and evidence of the mechanisms of action of interventions. The book offers a useful guide for all those whose work involves evaluating evidence in the health sciences, including those who need to determine the effectiveness of health interventions and those who need to ascertain the effects of environmental exposures.
Author: Tilman Borgers
Publisher: Oxford University Press
ISBN: 0190244682
Category : Business & Economics
Languages : en
Pages : 263
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Book Description
What is the best way to auction an asset? How should a group of people organize themselves to ensure the best provision of public goods? How should exchanges be organized? In An Introduction to the Theory of Mechanism Design, Tilman Börgers addresses these questions and more through an exploration of the economic theory of mechanism design. Mechanism design is reverse game theory. Whereas game theory takes the rules of the game as a given and makes predictions about the behavior of strategic players, the theory of mechanism design goes a step further and selects the optimal rules of the game. A relatively new economic theory, mechanism design studies the instrument itself as well as the results of the instrument. An Introduction to the Theory of Mechanism Design provides rigorous but accessible explanations of classic results in the theory of mechanism design, such as Myerson's theorem on expected revenue maximizing auctions, Myerson and Satterthwaite's theorem on the impossibility of ex post efficient bilateral trade with asymmetric information, and Gibbard and Satterthwaite's theorem on the non-existence of dominant strategy voting mechanisms. Börgers also provides an examination of the frontiers of current research in the area with an original and unified perspective that will appeal to advanced students of economics.
Author: Kevin Russell
Publisher: CRC Press
ISBN: 1466570180
Category : Technology & Engineering
Languages : en
Pages : 369
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Book Description
In the field of mechanism design, kinematic synthesis is a creative means to produce mechanism solutions. Combined with the emergence of powerful personal computers, mathematical analysis software and the development of quantitative methods for kinematic synthesis, there is an endless variety of possible mechanism solutions that users are free to e
Author: National Research Council
Publisher: National Academies Press
ISBN: 0309256755
Category : Science
Languages : en
Pages : 94
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Book Description
NASA's exploration of planets and satellites during the past 50 years has led to the discovery of traces of water ice throughout the solar system and prospects for large liquid water reservoirs beneath the frozen ICE shells of multiple satellites of the giant planets of the outer solar system. During the coming decades, NASA and other space agencies will send flybys, orbiters, subsurface probes, and, possibly, landers to these distant worlds in order to explore their geologic and chemical context. Because of their potential to harbor alien life, NASA will select missions that target the most habitable outer solar system objects. This strategy poses formidable challenges for mission planners who must balance the opportunity for exploration with the risk of contamination by Earth's microbes, which could confuse the interpretation of data obtained from these objects. The 2000 NRC report Preventing the Forward Contamination of Europa provided a criterion that was adopted with prior recommendations from the Committee on Space Research of the International Council for Science. This current NRC report revisits and extends the findings and recommendations of the 2000 Europa report in light of recent advances in planetary and life sciences and, among other tasks, assesses the risk of contamination of icy bodies in the solar system.
Author: Asian Development Bank
Publisher: Asian Development Bank
ISBN: 9292610899
Category : Social Science
Languages : en
Pages : 176
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Book Description
In Nepal, deeply embedded structural conditions determined by gender, caste or ethnicity, religion, language, and even geography have made access to and benefits from energy resources highly uneven. Women, the poor, and excluded groups experience energy poverty more severely. To address this imbalance, the government and other stakeholders have introduced measures to achieve greater gender equality and social inclusion. This study is an attempt to understand the factors affecting the outcomes and extent to which the initiatives have fostered gender equality and social inclusion. The study recommends measures to facilitate the distributive impact of energy sector development if Nepal is to meet its target of ensuring energy access to all.
Author: Marvin C. Alkin
Publisher: SAGE Publications
ISBN: 1483333078
Category : Social Science
Languages : en
Pages : 441
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Book Description
Evaluation Roots: A Wider Perspective of Theorists’ Views and Influences, Second Edition provides an updated examination of current evaluation theories and traces their evolution. Marvin C. Alkin shows how theories build upon theories and how the theories are related to each other. The way in which these evaluation "roots" grew to form a tree helps to provide a better understanding of evaluation theory. In addition to the editor's overview, the book contains essays by leading evaluation theorists. In these pieces, the evaluators comment on their own development and give their views of their placement upon the tree. **All royalties from sales of this book are donated to support the AEA Research on Evaluation Student Award.**
