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Mechanism design

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Mechanism design is a field in economics and game theory that takes an objectives-first approach to designing economic mechanisms or incentives, toward desired objectives, in strategic settings, where players act rationally. Because it starts at the end of the game, then goes backwards, it is also called reverse game theory. It has broad applications, from economics and politics in such fields as market design, auction theory and social choice theory to networked-systems (internet interdomain routing, sponsored search auctions).

Mechanism design - Wikipedia Jump to content From Wikipedia, the free encyclopedia Field of economics and game theory This article includes a list of references , related reading , or external links , but its sources remain unclear because it lacks inline citations . Please help improve this article by introducing more precise citations. ( July 2024 ) ( Learn how and when to remove this message ) Part of a series on Economics Outline Index Glossary Economists Principles of Economics Tools and methodology Economic theory Mathematical modeling Game theory Rational choice Cognitive science ( Beha

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