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An Introduction to the Theory of Mechanism Design | Oxford Scholarship Online
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An Introduction to the Theory of Mechanism Design

Tilman Börgers

Abstract

What is the best way to auction an asset? How should a group of people organize themselves to ensure the best provision of public goods? How should exchanges be organized? This book addresses these questions and more through an exploration of the economic theory of mechanism design. Mechanism design is reverse game theory. Whereas game theory takes the rules of the game as a given and makes predictions about the behavior of strategic players, the theory of mechanism design goes a step further and selects the optimal rules of the game. A relatively new economic theory, mechanism design studies ... More

Keywords: mechanism design, incentives, auctions, information, public goods, voting

Bibliographic Information

Print publication date: 2015 Print ISBN-13: 9780199734023
Published to Oxford Scholarship Online: May 2015 DOI:10.1093/acprof:oso/9780199734023.001.0001

Authors

Affiliations are at time of print publication.

Tilman Börgers, author
Samuel Zell Professor of the Economics of Risk, University of Michigan