EconPapers    
Economics at your fingertips  
 

Leonid Hurwicz, Eric S. Maskin and Roger B. Myerson: Mechanism Design Theory

Nobel Prize Committee
Additional contact information
Nobel Prize Committee: Nobel Prize Committee

No 2007-2, Nobel Prize in Economics documents from Nobel Prize Committee

Abstract: Scientific Background, The Nobel Prize in Economic Sciences 2007. Economic transactions take place in markets, within firms and under a host of other institutional arrangements. Some markets are free of government intervention while others are regulated. Within firms, some transactions are guided by market prices, some are negotiated, and yet others are dictated by management. Mechanism design theory provides a coherent framework for analyzing this great variety of institutions, or "allocation mechanisms", with a focus on the problems associated with incentives and private information.

Keywords: Mechanism Design; Asymmetric Information (search for similar items in EconPapers)
JEL-codes: D02 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-bec, nep-cdm and nep-cta
Date: 2007-10-15
References: View references in EconPapers View complete reference list from CitEc
Citations Track citations by RSS feed

Downloads: (external link)
http://www.nobelprize.org/nobel_prizes/economics/l ... omicsciences2007.pdf Full text (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:ris:nobelp:2007_002

Access Statistics for this paper

More papers in Nobel Prize in Economics documents from Nobel Prize Committee
Series data maintained by Christian Zimmermann ().

 
Page updated 2014-09-07
Handle: RePEc:ris:nobelp:2007_002