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Mechanism Design
Mechanism Design
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Mechanism Design
Mechanism Design
Game Theory
Strategic Interaction
Economic Theory
The construction of a game of strategic interaction that achieves a specific outcome in economics.
Read more about Mechanism Design.
Definitions
Preference Revelation
Economics
Public Goods
Mechanism Design
Preference Revelation
A detailed overview of the economic concept of preference revelation and its implications.
Read more about Preference Revelation.
Definitions
Principal–Agent Problem
Principal–Agent Problem
Economics
Incentives
Contract Theory
Mechanism Design
The dilemma of motivating an agent to act on behalf of a principal when both parties follow their own self-interests.
Read more about Principal–Agent Problem.
Economics Terms Lexicon
Ultimate Dictionary of Economics and Beyond.
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