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The 2007 Nobel Prize in Economics: Mechanism Design Theory

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Author Info
Martin Čihák () (International Monetary Fund)

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Abstract

The 2007 Nobel Prize in Economics has been awarded to Leonid Hurwicz, Eric Maskin, and Roger Myerson, for their contributions to mechanism design theory. The article discusses the importance of mechanism design theory for modern economics, focusing on some of its implications for economic policy making.

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File URL: http://journal.fsv.cuni.cz/storage/1107_str_82_89.-_cihak.pdf
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Publisher Info
Article provided by Charles University Prague, Faculty of Social Sciences in its journal Finance a uver - Czech Journal of Economics and Finance.

Volume (Year): 58 (2008)
Issue (Month): 1-2 (January)
Pages: 82-89
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Handle: RePEc:fau:fauart:v:58:y:2008:i:1-2:p:82-89

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Related research
Keywords: Nobel Prize mechanism design economic policy

Find related papers by JEL classification:
B21 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Microeconomics
B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology
C70 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - General
C90 - Mathematical and Quantitative Methods - - Design of Experiments - - - General
D78 - Microeconomics - - Analysis of Collective Decision-Making - - - Positive Analysis of Policy-Making and Implementation

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This page was last updated on 2008-8-22.

This information is provided to you by IDEAS at the Department of Economics, College of Liberal Arts and Sciences, University of Connecticut using RePEc data on a server sponsored by the Society for Economic Dynamics.