The theory of mechanism design: an overview
- 2007
- p.8-13.
- 8 Dec
There us-based economists have been awarded the Nobel Prize for economics for 2007 for laying the foundations of mechanism design theory. A description and discussion of this theory, its importance and the work of the award-winning economists, Mechanism design could help policymaking in a number of areas, one potential area is in drawing up the rules for land acquisition.- Reproduced.