Event Details
Today, mechanism design plays a central role in many areas of economics and political science, by allowing people to distinguish between situations in which efficient markets work well from those in which they do not. When a seller and buyer each have incentives to withhold information from the other, for example, mechanism design functions as a "sort of mediator" that can work to bring two parties into agreement. The theory also works in political situations, when countries in disagreement do not share all the information at their disposal, and when competing political campaigns cannot know all the details about each other’s strategies.
Early registrants will receive last year's pricing of $35 for GSB Club members, $55 for non-members