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Mechanism Design Theory: What it Means, How it Works - Investopedia
2021年10月31日 · Mechanism design theory is an economic framework for understanding how businesses can achieve optimal outcomes when individual self-interest and incomplete information may get in the way.
Mechanism design approach ŒPrincipal (usually uninformed) proposes mechanism = gameform & outcome function ŒAgents accept/reject mechanism ŒAgents play the game and outcomes are determined Alternative approach: Signalling ŒInformed party proposes contract ŒIn equilibrium contract proposal signals type Plan of attack 1
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