A mechanism is a mathematical structure that models institutions through which economic activity is guided and coordinated. There are many such institutions; ma

A mechanism is a mathematical structure that models institutions through which economic activity is guided and coordinated. There are many such institutions; ma

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

A broad overview of market mechanisms, with an emphasis on the interplay between theory and real-life applications; examples range from eBay auctions to school

Mechanism design is an analytical framework for thinking clearly and carefully about what exactly a given institution can achieve when the information necessary