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The Hurwicz Program, Past and Suggestions for the Future

Author

Listed:
  • Andrew Postlewaite

    (Department of Economics, University of Pennsylvania)

  • David Schmeidler

    (Tel-Aviv University)

Abstract

There are two parts in our note. The first highlights Leo's contribution that earned him the Nobel prize in economics, from a personal point of view. The second discusses further questions that can naturally be addressed using Leo's conceptual framework.

Suggested Citation

  • Andrew Postlewaite & David Schmeidler, 2018. "The Hurwicz Program, Past and Suggestions for the Future," PIER Working Paper Archive 18-027, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania, revised 28 Mar 2018.
    • Handle: RePEc:pen:papers:18-027
    as

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    File URL: https://economics.sas.upenn.edu/system/files/working-papers/18-027%20PIER%20Paper%20Submission.pdf
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    References listed on IDEAS

    as
    1. Hurwicz, Leonid & Radner, Roy & Reiter, Stanley, 1975. "A Stochastic Decentralized Resource Allocation Process: Part I," Econometrica, Econometric Society, vol. 43(2), pages 187-221, March.
    2. Hurwicz,Leonid & Reiter,Stanley, 2008. "Designing Economic Mechanisms," Cambridge Books, Cambridge University Press, number 9780521724104.
    3. Kfir Eliaz, 2002. "Fault Tolerant Implementation," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 69(3), pages 589-610.
    4. Matthew O. Jackson, 1992. "Implementation in Undominated Strategies: A Look at Bounded Mechanisms," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 59(4), pages 757-775.
    5. Hurwicz, Leonid, 1969. "On the Concept and Possibility of Informational Decentralization," American Economic Review, American Economic Association, vol. 59(2), pages 513-524, May.
    6. Roberts, Donald John & Postlewaite, Andrew, 1976. "The Incentives for Price-Taking Behavior in Large Exchange Economies," Econometrica, Econometric Society, vol. 44(1), pages 115-127, January.
    7. Mount, Kenneth & Reiter, Stanley, 1974. "The informational size of message spaces," Journal of Economic Theory, Elsevier, vol. 8(2), pages 161-192, June.
    8. Satterthwaite, Mark Allen, 1975. "Strategy-proofness and Arrow's conditions: Existence and correspondence theorems for voting procedures and social welfare functions," Journal of Economic Theory, Elsevier, vol. 10(2), pages 187-217, April.
    9. Gibbard, Allan, 1973. "Manipulation of Voting Schemes: A General Result," Econometrica, Econometric Society, vol. 41(4), pages 587-601, July.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Hurwicz; Mechanism Design; Implementation;
    All these keywords.

    JEL classification:

    • D0 - Microeconomics - - General

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    This paper has been announced in the following NEP Reports:

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