Mechanism design and implementation in game theory constitutes a pivotal branch of economic theory and theoretical computer science. This domain examines how rules and processes (mechanisms) may be ...

Auction theory and mechanism design form a cornerstone of economic and computer science research, examining how individuals or entities bid for resources and ensuring that strategic interactions yield ...

The Royal Swedish Academy of Sciences has awarded The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2007 jointly to Leonid Hurwicz, of the University of Minnesota, Eric S.

This is a preview. Log in through your library . Abstract The main result of this paper is that the multiple equilibrium problem in mechanism design can be avoided in private-value models if agents do ...

image: SMU Assistant Professor Li Jiangtao aims to further the theoretical work of mechanism design, which is a framework that is frequently used by governments and leaders for facilitating auctions ...

This is a preview. Log in through your library . Abstract Separation of ownership from management, multidivisional firm organizations, delegation of production decisions to worker teams, delegation of ...