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The Theory of Implementation of Socially Optimal Decisions in Economics - Luis C. Corchon

The Theory of Implementation of Socially Optimal Decisions in Economics

Hardcover

Published: 11th October 1996
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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.

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

ISBN: 9780333657942
ISBN-10: 0333657942
Audience: Professional
Format: Hardcover
Language: English
Number Of Pages: 165
Published: 11th October 1996
Country of Publication: GB
Dimensions (cm): 21.59 x 13.97  x 1.42
Weight (kg): 0.38
Edition Number: 1