Bayesian Implementation
Download or Read eBook Bayesian Implementation PDF written by Thomas R. Palfrey and published by CRC Press. This book was released on 2020-08-26 with total page 126 pages. Available in PDF, EPUB and Kindle.
Author | : Thomas R. Palfrey |
Publisher | : CRC Press |
Total Pages | : 126 |
Release | : 2020-08-26 |
ISBN-10 | : 9781000154641 |
ISBN-13 | : 1000154645 |
Rating | : 4/5 (41 Downloads) |
Book Synopsis Bayesian Implementation by : Thomas R. Palfrey
Book excerpt: 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 branch of implementation theory. Substantive problems of interest such as public goods provision, auctions and bargaining are special cases of the model, and these are addressed in subsequent chapters.