Martin J. Osborne; Ariel Rubinstein

Published On


Page Range

pp. 297–304


  • English

Print Length

7 pages

Mechanism design

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.


Martin J. Osborne

Professor Emeritus of Economics at University of Toronto

Ariel Rubinstein

Emeritus in School of Economics at Tel Aviv University
Professor of Economics at New York University