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Essays In Mechanism Design., Suresh Mutuswami Dr.

Doctoral Theses

The theory of implementation or mechanism design had its origins in the debates in the 1930s between Hayek, Lange and Lerner on the informational efficiency of the market economy. However, it was the work of Hurwicz in the 1950s and the 1960s which formalised the insights of Hayek, Lange and Lerner and paved the way for the body of work that followed his pioneering effort.In addition to the considerable theoretical literature on mechanism de- sign'. there also exists a body of literature which uses the mechanism design approach to address specific problems. Some examples of work in this vein include …