Mechanism design, Mathematical Economics and Statistics

ISBN-13: 9786202552813 / Angielski / Miękka / 2020 / 100 str.

Dushko Josheski;Elena Karamazova;Mico Apostolov

Opis

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.

O autorze

Josheski, Dushko
Dushko Josheski, PhD, was born in Bitola, R. N. Macedonia, on 29.08.1983. His field of interest includes: economic theory, public economics, public administration. He started his academic carrier in 2009 at the University Goce Delcev-Shtip, R. N. Macedonia, where currently he serves as an assistant professor in the filed of Economic theory.