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The Economics of Informational Decentralization: Complexity, Efficiency, and Stability pp 219–242Cite as

Sufficient Statistics, Utility Theory, and Mechanism Design

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Abstract

Risking frostbite while standing outside on a cold Evanston day during the winter of 1977, Stan Reiter introduced me to the fascinating area of mechanism design. Later, in the comfort of an office in his Center, Reiter described a related mathematical question about the composition of mappings. The motivation for his comments derived from the now standard Mount-Reiter diagram (Mount, Reiter, 1974)

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Authors
  1. Donald G. Saari
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Editors and Affiliations

  1. California Institute of Technology, Pasadena, CA, USA

    John O. Ledyard

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© 1995 Springer Science+Business Media New York

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Saari, D.G. (1995). Sufficient Statistics, Utility Theory, and Mechanism Design. In: Ledyard, J.O. (eds) The Economics of Informational Decentralization: Complexity, Efficiency, and Stability. Springer, Boston, MA. https://doi.org/10.1007/978-1-4615-2261-4_9

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  • DOI: https://doi.org/10.1007/978-1-4615-2261-4_9

  • Publisher Name: Springer, Boston, MA

  • Print ISBN: 978-1-4613-5953-1

  • Online ISBN: 978-1-4615-2261-4

  • eBook Packages: Springer Book Archive

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