1st Edition

Bayesian Implementation

By Thomas R. Palfrey Copyright 1993
116 Pages
by CRC Press

122 Pages
by CRC Press

122 Pages
by CRC Press

The implementation problem lies at the heart of a theory of institutions. Simply stated, the aim of implementation theory is to investigate in a rigorous way the relationships between outcomes in a society and how those outcomes arise. The first part of "Bayesian Implementation" presents a basic model of the Bayesian implementation problem and summarizes and explains recent developments in this... Read more
1. Introduction 2. A General Model 3. Characterizing Implementable Allocation Rules 4. Applications 5. Preplay Communication and Renegotiation 6. Other Topics

Biography

Thomas R. Palfrey California Institute of Technology, Pasadena, USA, Sanjay Srivastava Carnegie Mellon University, Pittsburgh, Pennsylvania, USA.