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Copyright

Martin J. Osborne; Ariel Rubinstein

Published On

2023-06-26

Page Range

pp. 297–304

Language

  • 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
https://orcid.org/0000-0001-8584-6176

Ariel Rubinstein

(author)
Emeritus in School of Economics at Tel Aviv University
Professor of Economics at New York University
https://orcid.org/0000-0003-1574-2659
https://arielrubinstein.org/