Mechanism design theory
Mechanism design theory provides methods to answer the following general question: What are the best rules of the game, or the best mechanism, for attaining a given objective? These objectives may vary in character: for example social welfare, profit from transactions in a market, a fair allocation of resources or a sound environment. This admission of many possible goals is what makes mechanism design theory so important and so generally applicable. |
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Nobel Prizes and laureates
See them all presented here.