The branch of microeconomics that studies the ways companies are able to realize the economic and social outcomes they aspire for, given the constraints of incomplete private information motivated by self-interest. By creating incentives, participants are more willing to share private information for company use.
Related information about mechanism design:
- Mechanism design - Wikipedia, the free encyclopedia
Mechanism design (sometimes called reverse game theory) is a field in game theory studying solution concepts for a class of private information games.
- Chapter 2 Classic Mechanism Design
Mechanism design is the sub-field of microeconomics and game theory that ... field of computational mechanism design, and also surveys the economic ...
- Mechanism Design: - School of Social Science - Institute for ...
The theory of mechanism design can be thought of as the “engineering” side of ... In this paper, I offer a brief introduction to the part of mechanism design called ...
- Nobel Prize: What is mechanism design and why does it matter? | vox
Oct 18, 2007 ... Mechanism design theory is a major breakthrough in the modern economic analysis of institutions and markets. It revolutionalised the way ...
- Lectures on Optimal Mechanism Design
Apr 28, 2006 ... Economics treatment of optimal mechanism design first before ... Profit maximization is one of fundamental objectives in mechanism design.
- Mechanism Design via Differential Privacy - Microsoft Research
The field of Mechanism Design studies the design and analysis of algorithms ... most common solution concept for mechanism design is. “truthfulness”, where ...
- Dynamic Mechanism Design: - Stanford University
Aug 26, 2011 ... and “Infinite-Horizon Mechanism Design”by Pavan, Segal, and Toikka. ... dent Types”assumption for static mechanism design to the dynamic ...
- An Introduction to the Theory of Mechanism Design
Aug 5, 2010 ... mechanism design for graduate students at the University of ... reader understand which features of optimal mechanism design are due to ...