Copyright
Martin J. Osborne; Ariel RubinsteinPublished On
2023-06-26Page Range
pp. 297–304Language
- English
Print Length
7 pages
Mechanism design
Chapter of: Models in Microeconomic Theory: Expanded Second Edition (She)(pp. 297–304)
In this chapter, we turn this methodology on its head. That is, we seek a set of rules for the interaction between the individuals that generates specific outcomes. Analyses of this type are called “mechanism design”. This field is huge; we demonstrate some of the basic ideas through a simple model.
Contributors
Martin J. Osborne
(author)Professor Emeritus of Economics at University of Toronto
Ariel Rubinstein
(author)Emeritus in School of Economics at Tel Aviv University
Professor of Economics at New York University