MICROECONOMIC THEORY (TOPIC XX): Mechanism Design: Creating Rules for Strategic Behavior
Автор: Solomon Geleta
Загружено: 2025-12-19
Просмотров: 9
Описание: Mechanism design-"reverse game theory"-incentivizes truth-telling to achieve social goals. The revelation principle simplifies design, while Vickrey-Clarke-Groves (VCG) mechanisms use externality-based payments to align individual and collective efficiency. Designers balance Dominant Strategy vs. Bayesian incentives. #MechanismDesign #GameTheory #RevelationPrinciple #Economics #SocialChoice #AuctionTheory #BayesianGames
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