Mechanisms in a Digitalized World

Gabrielle Demange

No 6984, CESifo Working Paper Series from CESifo

Abstract: Due to computing and communication facilities, formal procedures, often referred to as ‘algorithms’, are now extensively used in public, economic and social areas. These procedures, currently at the forefront of criticisms, share some features with mechanisms as defined by economists, following Hurwicz. My aim is to investigate these relationships and to discuss some of the economic risks generated by the power of algorithms.

Keywords: mechanisms; algorithms; algorithmic pricing and trading; social choice rule; data; Admission post-bac (search for similar items in EconPapers)
JEL-codes: D44 D47 D71 D82 (search for similar items in EconPapers)
Date: 2018
New Economics Papers: this item is included in nep-gth and nep-mic
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Related works:
Working Paper: Mechanisms in a digitalized world (2019)
Working Paper: Mechanisms in a digitalized world (2019)
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Persistent link: https://EconPapers.repec.org/RePEc:ces:ceswps:_6984

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