Mechanism design (sometimes implementation theory or institution design) [1] is a branch of economics and game theory. It studies how to construct rules—called mechanisms or institutions—that produce …

Apr 29, 2010 · The goal is to design economic mechanisms or incentives to implement desired objectives (social or individual) in a strategic setting–assuming that the different members of the …

Dec 5, 2025 · Mechanism design is a branch of microeconomics that explores how businesses and institutions can achieve desirable social or economic outcomes given the constraints of individuals'...

The main focus of mechanism design is on on the design of institutions that satisfy certain objectives, assuming that the individuals interacting through the institution will act strategically and may hold …

Theorem 14 (Cremer, McLean) For generic information structures, and any IC, IR mechanism (q; t) there exists an alternative (IC) mechanism (q; t + `), where IR binds for all types.

Given the specific setting (agents, outcomes, types, priors over types, ...) and the objective, have a computer solve for the best mechanism for this particular setting

Mechanism design draws on game theory for its modeling foundations. Algorithmic mechanism design specifically studies settings where both the algorithmic and game-theoreic aspects play an important …

What is mechanism design & agency theory? application of game theory method of studying how strategic parties attempt to govern selves means of understanding certain aspects of organization …

These reference pages will examine a wide range of concepts relating to mechanism design.

May 21, 2015 · Mechanism design is reverse game theory. Whereas game theory takes the rules of the game as a given and makes predictions about the behavior of strategic players, the theory of …