Or at least Daniel McFadden's view of mechanism design in a nutshell.
The above diagram is Figure 1 from The human side of mechanism design: a tribute to Leo Hurwicz and Jean-Jacque Laffont , by Daniel McFadden, Review of Economic Design, Volume 13, Numbers 1-2 / April, 2009, pp. 77-100.
Friday, 1 January 2010
Posted by Paul Walker at 2:06 pm