Verlag:
Northwestern University, Kellogg School of Management, Center for Mathematical Studies in Economics and Management Science, Evanston, IL
Zusammenfassung:
It is shown how bordered hessians, sufficient statistics, and integrability conditions from utility theory are closely related to the characterization theorems for mechanism design. Then, new results are outlined about a theory for implicitly defined objective functions, about how to incorporate different kinds of information sets modeling, say, externalities into the theory, and about the actual construction of economic mechanisms.