Mechanism Design: How to Implement Social Goals

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چکیده

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Mechanism Design: How to Implement Social Goals1

The theory of mechanism design can be thought of as the “engineering” side of economic theory. Much theoretical work, of course, focuses on existing economic institutions. The theorist wants to explain or forecast the economic or social outcomes that these institutions generate. But in mechanism design theory the direction of inquiry is reversed. We begin by identifying our desired outcome or s...

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ژورنال

عنوان ژورنال: American Economic Review

سال: 2008

ISSN: 0002-8282

DOI: 10.1257/aer.98.3.567