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An Introduction to Mechanism Design Theory
The Indian Economic Journal, 2008The Nobel prize in economics was awarded to Leonid Hurwicz, Roger B. Myerson, and Eric S. Maskin in 2007 for \having laid the foundations of mechanism design theory". This article aims to explore these very foundations of mechanism design theory. In the process, it highlights one important contribution each of Myerson and Maskin, and describes some ...
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Mechanical Design: Theory and Methodology
1996From the Publisher: This collection of review articles by active researchers on mechanical design presents an overview of the current state of the art in the field and provides the reader understanding of both the theory and applications of current work in process and product design.
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Some Issues in Mechanism Design Theory
2019The paper proposes some directions for research in mechanism design theory. It is well-known that the set of incentive-compatible social choice functions defined over a domain of ordinal preferences expands when randomization is permitted. It is proposed to characterize the set of random incentive-compatible social choice functions via the properties ...
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Essays in Mechanism Design and Contest Theory
2023This dissertation contains three essays. They offer contributions to the fields of mechanism design (Chapters 1 and 2) and contest theory (Chapter 3). Chapter 1, co-authored with Wade Hann-Caruthers, studies the problem of aggregating privately-held preferences for a facility to be located on a plane.
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Active Systems Theory and Organizational Mechanisms Design
IFAC Proceedings Volumes, 1989Abstract The paper considers the problem of designing the organizationnal mechanisms. It has been proved that the theory of active systems can be the theoretical basis of developing the computer-aided systems of designing the organizational mechanisms.
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Theory of reaction mechanisms and molecular design
Journal of Molecular Structure: THEOCHEM, 1986Abstract Reaction paths which lead from a common reactant to a common product through the same sequence of transition structures and intermediates are equivalent in a chemical sense and belong to the same reaction mechanism. In the language of topology, all reaction paths which are not separated by high energy domains of a potential-energy ...
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Safety in Mechanism Design and Implementation Theory
SSRN Electronic Journal, 2014We introduce safety in implementation theory as robustness of players' welfare to unexpected deviations by others. Specifically, we define a (fi,!)-safe strategy profile to be one at which a deviation by any fi players can result in at most ! victims, and define a victim to be a player who attains an outcome within his least preferred K outcomes, where
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The Mechanism-Design Approach to Monetary Theory
2010Abstract The mechanism-design approach to monetary theory is the search for fruitful settings in which money is necessary for the achievement of some desirable allocations. Fruitfulness means that the settings provide insights about puzzling observations and policy questions.
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An Introduction to the Theory of Mechanism Design
2015Abstract 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? This book addresses these questions and more through an exploration of the economic theory of mechanism design.
Tilman Börgers +2 more
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Institutional Change and the Theory of Mechanism Design
2022This chapter highlights institutional change and the theory of mechanism design. It focuses on constructing a model useful for rigorous analytical treatment of economic and political institutions. An institution is defined as a class of game-forms (“rules of the game”) having the following special attributes: they are the result of human actions; there
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