Mechanism Design

Author : Tilman Borgers
Publisher : Oxford University Press
ISBN 13 : 0190244682
Total Pages : 288 pages
Book Rating : 4.82/5 ( download)

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Download or read book An Introduction to the Theory of Mechanism Design written by Tilman Borgers and published by Oxford University Press. This book was released on 2015-05-01 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 : Rakesh V. Vohra
Publisher : Cambridge University Press
ISBN 13 : 1139499173
Total Pages : 185 pages
Book Rating : 4.70/5 ( download)

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Download or read book Mechanism Design written by Rakesh V. Vohra and published by Cambridge University Press. This book was released on 2011-05-09 with total page 185 pages. Available in PDF, EPUB and Kindle. Book excerpt: Mechanism design is an analytical framework for thinking clearly and carefully about what exactly a given institution can achieve when the information necessary to make decisions is dispersed and privately held. This analysis provides an account of the underlying mathematics of mechanism design based on linear programming. Three advantages characterize the approach. The first is simplicity: arguments based on linear programming are both elementary and transparent. The second is unity: the machinery of linear programming provides a way to unify results from disparate areas of mechanism design. The third is reach: the technique offers the ability to solve problems that appear to be beyond solutions offered by traditional methods. No claim is made that the approach advocated should supplant traditional mathematical machinery. Rather, the approach represents an addition to the tools of the economic theorist who proposes to understand economic phenomena through the lens of mechanism design.

Author : Eric Constans
Publisher : CRC Press
ISBN 13 : 1351727621
Total Pages : 760 pages
Book Rating : 4.24/5 ( download)

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Download or read book Introduction to Mechanism Design written by Eric Constans and published by CRC Press. This book was released on 2018-07-20 with total page 760 pages. Available in PDF, EPUB and Kindle. Book excerpt: Introduction to Mechanism Design: with Computer Applications provides an updated approach to undergraduate Mechanism Design and Kinematics courses/modules for engineering students. The use of web-based simulations, solid modeling, and software such as MATLAB and Excel is employed to link the design process with the latest software tools for the design and analysis of mechanisms and machines. While a mechanical engineer might brainstorm with a pencil and sketch pad, the final result is developed and communicated through CAD and computational visualizations. This modern approach to mechanical design processes has not been fully integrated in most books, as it is in this new text.

Author : Kevin Russell
Publisher : CRC Press
ISBN 13 : 1466570180
Total Pages : 369 pages
Book Rating : 4.84/5 ( download)

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Download or read book Mechanism Design written by Kevin Russell and published by CRC Press. This book was released on 2013-12-02 with total page 369 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 : Samuel Molian
Publisher : Pergamon
ISBN 13 :
Total Pages : 248 pages
Book Rating : 4.78/5 ( download)

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Download or read book Mechanism Design written by Samuel Molian and published by Pergamon. This book was released on 1997 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: Hardbound. Mechanism Design is written for mechanical engineers working in industry or, after some practical experience, following a post-graduate course of study. It is unique among modern books on mechanisms in its choice and treatment of topics and in its emphasis on design techniques that can be used within the time and cost constraints that actually occur in industry.This Second Edition contains much new material and reflects the far-reaching developments that have taken place in machine design and new computational methods since the book's first publication in 1982.

Author : Lung-Wen Tsai
Publisher : CRC Press
ISBN 13 : 9781420058420
Total Pages : 332 pages
Book Rating : 4.28/5 ( download)

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Download or read book Mechanism Design written by Lung-Wen Tsai and published by CRC Press. This book was released on 2000-09-19 with total page 332 pages. Available in PDF, EPUB and Kindle. Book excerpt: Traditionally, mechanisms are created by designer's intuition, ingenuity, and experience. However, such an ad hoc approach cannot ensure the identification of all possible design alternatives, nor does it necessarily lead to optimum design. Mechanism Design: Enumeration of Kinematic Structures According to Function introduces a methodology for systematic creation and classification of mechanisms. With a partly analytical and partly algorithmic approach, the author uses graph theory, combinatorial analysis, and computer algorithms to create kinematic structures of the same nature in a systematic and unbiased manner. He sketches mechanism structures, evaluating them with respect to the remaining functional requirements, and provides numerous atlases of mechanisms that can be used as a source of ideas for mechanism and machine design. He bases the book on the idea that some of the functional requirements of a desired mechanism can be transformed into structural characteristics that can be used for the enumeration of mechanisms. The most difficult problem most mechanical designers face at the conceptual design phase is the creation of design alternatives. Mechanism Design: Enumeration of Kinematic Structures According to Function presents you with a methodology that is not available in any other resource.

Author : Leonid Hurwicz
Publisher : Cambridge University Press
ISBN 13 : 113945434X
Total Pages : 321 pages
Book Rating : 4.46/5 ( download)

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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.

Author : Y Narahari
Publisher : World Scientific
ISBN 13 : 9814525065
Total Pages : 532 pages
Book Rating : 4.60/5 ( download)

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Download or read book Game Theory And Mechanism Design written by Y Narahari and published by World Scientific. This book was released on 2014-03-13 with total page 532 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book offers a self-sufficient treatment of a key tool, game theory and mechanism design, to model, analyze, and solve centralized as well as decentralized design problems involving multiple autonomous agents that interact strategically in a rational and intelligent way. The contents of the book provide a sound foundation of game theory and mechanism design theory which clearly represent the “science” behind traditional as well as emerging economic applications for the society.The importance of the discipline of game theory has been recognized through numerous Nobel prizes in economic sciences being awarded to game theorists, including the 2005, 2007, and 2012 prizes. The book distills the marvelous contributions of these and other celebrated game theorists and presents it in a way that can be easily understood even by senior undergraduate students.A unique feature of the book is its detailed coverage of mechanism design which is the art of designing a game among strategic agents so that a social goal is realized in an equilibrium of the induced game. Another feature is a large number of illustrative examples that are representative of both classical and modern applications of game theory and mechanism design. The book also includes informative biographical sketches of game theory legends, and is specially customized to a general engineering audience.After a thorough reading of this book, readers would be able to apply game theory and mechanism design in a principled and mature way to solve relevant problems in computer science (esp, artificial intelligence/machine learning), computer engineering, operations research, industrial engineering and microeconomics.

Author : Stuart T. Smith
Publisher : CRC Press
ISBN 13 : 1351988581
Total Pages : 364 pages
Book Rating : 4.82/5 ( download)

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Download or read book Foundations of Ultra-Precision Mechanism Design written by Stuart T. Smith and published by CRC Press. This book was released on 2017-07-12 with total page 364 pages. Available in PDF, EPUB and Kindle. Book excerpt: The realm of ultra precision mechanisms, for example in controlling motion to small fractions of a micrometer, is encroaching into many fields of technology. This book aims to provide a bridge for those moving from either an engineering or physics background towards the challenges offered by ultraprecision mechanisms. Using case study examples, this book provides a guide to basic techniques and gives technical, analytical and practical information.

Author : Kuang-Hua Chang
Publisher : SDC Publications
ISBN 13 : 1630571148
Total Pages : 178 pages
Book Rating : 4.46/5 ( download)

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Download or read book Mechanism Design and Analysis Using PTC Creo Mechanism 4.0 written by Kuang-Hua Chang and published by SDC Publications. This book was released on 2017-06-22 with total page 178 pages. Available in PDF, EPUB and Kindle. Book excerpt: Mechanism Design and Analysis Using PTC Creo Mechanism 4.0 is designed to help you become familiar with Mechanism, a module of the PTC Creo Parametric software family, which supports modeling and analysis (or simulation) of mechanisms in a virtual (computer) environment. Capabilities in Mechanism allow users to simulate and visualize mechanism performance. Capabilities in Mechanism allow users to simulate and visualize mechanism performance. Using Mechanism early in the product development stage could prevent costly redesign due to design defects found in the physical testing phase; therefore, contributing to a more cost effective, reliable, and efficient product development process. The book is written following a project-based learning approach and covers the major concepts and frequently used commands required to advance readers from a novice to an intermediate level. Basic concepts discussed include: model creation, such as body and joint definitions; analysis type selection, such as static (assembly) analysis, kinematics and dynamics; and results visualization. The concepts are introduced using simple, yet realistic, examples. Verifying the results obtained from computer simulation is extremely important. One of the unique features of this textbook is the incorporation of theoretical discussions for kinematic and dynamic analyses in conjunction with simulation results obtained using Mechanism. The theoretical discussions simply support the verification of simulation results rather than providing an in-depth discussion on the subjects of kinematics and dynamics.