{"product_id":"communication-in-mechanism-design-book-steven-r-williams-9781107407398","title":"Communication in Mechanism Design","description":"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.","brand":"WoB","offers":[{"title":"GB \/ NEW \/ INGRAM","offer_id":52539650801937,"sku":"NLS9781107407398","price":39.29,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/9781107407398.jpg?v=1760685021","url":"https:\/\/www.worldofbooks.com\/en-ie\/products\/communication-in-mechanism-design-book-steven-r-williams-9781107407398","provider":"World of Books ","version":"1.0","type":"link"}