Mechanism design, however, is not simply a mathematical apparatus justifying the insights of Hayek. Leonid Hurwicz, the godfather of the field who is now in his nineties, ...

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.

SMU Assistant Professor Li Jiangtao aims to further the theoretical work of mechanism design, which is a framework that is frequently used by governments and leaders for facilitating auctions and ...

Mechanism Design: The study of creating systems or games in which strategically acting agents are led to outcomes that align with the designer’s objectives. Incentive Compatibility: ...

Incentive mechanism design via smart contract in blockchain-based edge-assisted crowdsensing. Higher Education Press . Journal Frontiers of Computer Science DOI 10.1007/s11704-024-3542-1.

The Antikythera Mechanism, often called the world's oldest computer, is a 2,000-year-old artifact discovered in 1901 in a submerged shipwreck off the Greek island of Antikythera.

So, the potential implications of mechanism design are really quite broad and important,” Maskin says. “In fact, we saw what the free market produces. It produces occasionally a meltdown. We have to ...

One of the biggest challenges in mechanism design is that the goal of the designer doesn’t always match the goals of the participants. For instance, while a government’s goal could be to reduce CO 2 ...

The Samsung Galaxy Z Fold 7 Ultra 5G is set to redefine the foldable smartphone landscape, combining advanced technology with ...