Maskin, professor of Economics at Harvard University, defines the theory of Mechanism design as:” the “engineering” side of economic theory. Much theoretical work, of course, focuses on existing economic institutions. The theorist wants to explain or forecast the economic or social outcomes that these institutions generate. But in mechanism design theory the direction of inquiry is reversed. We begin by identifying our desired outcome or social goal. We then ask whether or not an appropriate institution (mechanism) could be designed to attain that goal. If the answer is yes, then we want to know what form that mechanism might take”.
The event is funded by Cassa di Risparmio di Padova e Rovigo in the context of the visiting program 2018 “Institutions and Mechanism for the Public Provision of Private Goods”. Places are limitated upon registration, available at the link below.