An Introduction to the Theory of Mechanism Design

E. Maskin and J. Riley

"An Introduction to the Theory of Mechanism Design" is a textbook that provides a comprehensive overview of mechanism design, a branch of economic theory that explores how to design incentives to achieve desired outcomes. The book was written by two distinguished economists, Eric Maskin and John Riley, and was first published in 2000.

The book covers a range of topics related to mechanism design, including the basic principles of incentive compatibility and the revelation principle, Bayesian implementation, social choice theory, and other related topics. It also provides a detailed introduction to auctions, voting systems, matching markets, and other mechanisms used in real-world applications.

One of the key strengths of the book is its clear and intuitive explanations of complex concepts. The authors use simple examples to illustrate abstract ideas and provide step-by-step explanations of how different mechanisms work. This makes the book accessible to students and researchers with little background in mechanism design.

Overall, "An Introduction to the Theory of Mechanism Design" is a valuable resource for anyone interested in understanding how incentives shape human behavior and how to design effective mechanisms to achieve desired outcomes. It is widely regarded as one of the most important and influential books in the field of mechanism design.

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