Mechanism design, Mathematical Economics and Statistics (Paperback) (ISBN-13: 9786202552813)

This books covers three topics in mathematical economics and economics theory which are solved by the use of methods from mathematical statistics. It starts with a mechanism design that covers themes such as: Vickrey-Clarke-Groves Mechanism, Vickrey auction, Mechanism Design Illustrated in a Walrasian Example, Constructing Decentralized Mechanisms, from Parameter Indexed Product Structures: Transition to Message-Indexed Product Structures. Than it continues with Prospect theory that covers themes such as: Prospect theory and Cumulative prospect theory, and their use in explanation of overbidding. And the final essay is: Myerson-Satterthwaite theorem and asymmetric FPA auctions, that includes numerical solution of the asymmetric auctions

Author: Dushko Josheski, Elena Karamazova, Mico Apostolov
ISBN-10: 6202552816
ISBN-13: 9786202552813
Publisher: LAP Lambert Academic Publishing
Language: English
Published: 05/08/2020
Pages: 100
Format: Paperback
Weight: 0.35lbs
Size: 9.00h x 6.00w x 0.24d