A blog on all things to do with economics and related subjects
Friday, 1 January 2010
Mechanism design in a nutshell
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.
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