Mechanism design theory: How to implement social goals

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Abstract

The theory of mechanism design can be thought of as the engineering side of economic theory. One begins by identifying a social or economic goal. The theory then addresses the question of whether or not an appropriate institution or procedure (that is, a mechanism) could be designed to attain that goal. © 2008 Springer Berlin Heidelberg.

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Maskin, E. (2008). Mechanism design theory: How to implement social goals. In Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics) (Vol. 5385 LNCS, p. 1). https://doi.org/10.1007/978-3-540-92185-1_1

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