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Нобеловата Награда За Икономика За Икономика 2007: Теорията За Икономическите Механизми
[The Nobel Price for Economics 2007: The Design of Economic Institutions]

Author

Listed:
  • Marinov, Eduard

Abstract

The paper discusses the main contributions of the Nobel prize in economics laureates for 2007 Leonid Hurwicz, Eric S. Maskin and Roger B. Myerson "for having laid the foundations of mechanism design theory". The paper presents the main concepts and applications of the mechanism design theory.

Suggested Citation

  • Marinov, Eduard, 2008. "Нобеловата Награда За Икономика За Икономика 2007: Теорията За Икономическите Механизми [The Nobel Price for Economics 2007: The Design of Economic Institutions]," MPRA Paper 60294, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:60294
    as

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    File URL: https://mpra.ub.uni-muenchen.de/60294/1/MPRA_paper_60294.pdf
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    References listed on IDEAS

    as
    1. Myerson, Roger B, 1983. "Mechanism Design by an Informed Principal," Econometrica, Econometric Society, vol. 51(6), pages 1767-1797, November.
    2. Myerson, Roger B, 1979. "Incentive Compatibility and the Bargaining Problem," Econometrica, Econometric Society, vol. 47(1), pages 61-73, January.
    3. Eric Maskin & John Moore, 1999. "Implementation and Renegotiation," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 66(1), pages 39-56.
    4. Hurwicz, Leonid & Schmeidler, David, 1978. "Construction of Outcome Functions Guaranteeing Existence and Pareto Optimality of Nash Equilibria," Econometrica, Econometric Society, vol. 46(6), pages 1447-1474, November.
    5. Myerson, Roger B., 1982. "Optimal coordination mechanisms in generalized principal-agent problems," Journal of Mathematical Economics, Elsevier, vol. 10(1), pages 67-81, June.
    6. Myerson, Roger B, 1986. "Multistage Games with Communication," Econometrica, Econometric Society, vol. 54(2), pages 323-358, March.
    7. Eric Maskin & Jean Tirole, 1999. "Unforeseen Contingencies and Incomplete Contracts," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 66(1), pages 83-114.
    8. Maskin, Eric S & Riley, John G, 1984. "Optimal Auctions with Risk Averse Buyers," Econometrica, Econometric Society, vol. 52(6), pages 1473-1518, November.
    9. Eric Maskin & John Riley, 1984. "Monopoly with Incomplete Information," RAND Journal of Economics, The RAND Corporation, vol. 15(2), pages 171-196, Summer.
    10. Partha Dasgupta & Peter Hammond & Eric Maskin, 1979. "The Implementation of Social Choice Rules: Some General Results on Incentive Compatibility," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 46(2), pages 185-216.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Nobel prize in Economics; Hurwicz; Maskin; Myerson; mechanism design theory;
    All these keywords.

    JEL classification:

    • B0 - Schools of Economic Thought and Methodology - - General
    • B20 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - General
    • B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals

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