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An Introduction to the Theory of Mechanism Design

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Release : 2015-05-01
Genre : Business & Economics
Kind : eBook
Book Rating : 682/5 ( reviews)

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Book Synopsis An Introduction to the Theory of Mechanism Design by : Tilman Borgers

Download or read book An Introduction to the Theory of Mechanism Design written by Tilman Borgers. This book was released on 2015-05-01. 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.

Mechanism Design

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Release : 2011-05-09
Genre : Business & Economics
Kind : eBook
Book Rating : 173/5 ( reviews)

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Book Synopsis Mechanism Design by : Rakesh V. Vohra

Download or read book Mechanism Design written by Rakesh V. Vohra. This book was released on 2011-05-09. 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.

Introduction to Mechanism Design

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Release : 2018-07-20
Genre : Technology & Engineering
Kind : eBook
Book Rating : 621/5 ( reviews)

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Book Synopsis Introduction to Mechanism Design by : Eric Constans

Download or read book Introduction to Mechanism Design written by Eric Constans. This book was released on 2018-07-20. 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.

Mechanism Design

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Release : 2013-12-02
Genre : Technology & Engineering
Kind : eBook
Book Rating : 180/5 ( reviews)

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Book Synopsis Mechanism Design by : Kevin Russell

Download or read book Mechanism Design written by Kevin Russell. This book was released on 2013-12-02. 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

Creo 8.0 Mechanism Design

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Release : 2021-09
Genre : Computers
Kind : eBook
Book Rating : 864/5 ( reviews)

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Book Synopsis Creo 8.0 Mechanism Design by : Roger Toogood

Download or read book Creo 8.0 Mechanism Design written by Roger Toogood. This book was released on 2021-09. Available in PDF, EPUB and Kindle. Book excerpt: • Learn to simulate the performance of your designs without costly prototypes • Addresses all the essential tools of mechanism design with Creo • Guides you through the assembly and analysis of a slider-crank mechanism • Describes types of simple and special connections, servos, and motor functions • Allows you to learn the basics of mechanism design in about two hours Creo 8.0 Mechanism Design Tutorial neatly encapsulates what you need to know about the essential tools and features of Mechanism Design with Creo: how to set up models, define analyses, and display and review results. If you have a working knowledge of Creo Parametric in Assembly mode, this short but substantial tutorial is for you. You will learn to create kinematic models of 2D and 3D mechanisms by using special assembly connections, define motion drivers, set up and run simulations, and display and critically review results in a variety of formats. This includes creating graphs of important results as well as space claim and interference analyses. Common issues that arise during mechanism design are briefly addressed and extra references listed so you can work through them when encountered. In Detail If you ever need to model a device where parts and subassemblies can move relative to each other, you will want to use the world-renowned mechanism functions in Creo. Creo’s Mechanism Design functions allow you to examine the kinematic properties of your device: range of motion and motion envelopes, potential interference between moving bodies, and kinematic relationships (position, velocity, acceleration) between bodies for prescribed motions. With these functions, you will better predict the actual performance of the device and create design improvements without the expense of costly prototypes, saving you time, money and worry. With this tutorial, you will assemble and analyze a simple slider-crank mechanism. Each chapter has a clear focus that follows the workflow sequence, and parts are provided for the exercise that include creating connections, servos, and analyses. This is followed by graph plotting, collision detection, and motion envelope creation. You can choose to quickly cover all the essential operations of mechanism design in about two hours by following the steps covered at the beginning of chapters 2-5, or you can complete the full chapters or come back to them as needed. Plenty of figures, screenshots and animations help facilitate understanding of parts and concepts. Once you have completed chapters 2-5 and the slider-crank mechanism, chapter 6 familiarizes you with special connections in Mechanism Design: gears (spur gears, worm gears, rack and pinion), cams, and belt drives. The final chapter presents a number of increasingly complex models (for which parts are provided) that you can assemble and use to explore the functions and capability of Mechanism Design in more depth. These examples, including an In-line Reciprocator, Variable Pitch Propeller and Stewart Platform, explore all the major topics covered in the book. Topics Covered • Connections: cylinder, slider, pin, bearing, planar, ball, gimbal, slot, rigid/weld, general • Servos and motor function types: ramp, cosine, parabolic, polynomial, cycloidal, table, user defined • Tools for viewing analysis results: trace curve, motion envelope, user defined measures, animations, collision/interference detection; analysis problems • Special connections: spur gear, worm gear, rack and pinion, cams and belts Table of Contents 1. Introduction to Creo Mechanism Design 2. Making Connections 3. Creating Motion Drivers 4. Setting up and Running an Analysis 5. Tools for Viewing Results 6. Special Connections 7. Exercises List of Animations

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