The implementation problem is the problem of designing a mechanism (game form) such
that the equilibrium outcomes satisfy a criterion of social optimality embodied in a social …

Economists and others have long believed that by balancing the costs of such public goods
as air quality and wilderness areas against their benefits, informed policy choices can be …

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This paper presents a method for assessing the relative importance of price increases and
strengthened individual incentives due to the introduction of the responsibility system for the …

The mechanism design literature assumes too much common knowledge of the environment
among the players and planner. We relax this assumption by studying mechanism design on …

We design a field experiment to explore the use of social comparison to increase
contributions to an online community. We find that, after receiving behavioral information …

A yes or no decision must be made about some issue. All agents must agree. The “Coase
Theorem” asserts that the efficient outcome will always result. Suppose the value (positive or …

Condorcet winner) is sometimes viewed as a natural desideratum (see Partha Dasgupta
and Eric Maskin, forthcoming). In the auctioning of assets, there are two different criteria by …

Some of the basic results and insights of the literature on mechanism design are presented.
In that literature game theoretic reasoning is used to model social institutions as varied as …

We investigate cost-sharing algorithms for multicast transmission. Economic considerations
point to two distinct mechanisms, marginal costand Shapley value, as the two solutions most …