Since the early seventies, following the pioneering work by Leo
Hurwicz, economists have been studying the relationship between
socially optimal goals and private self-interest. The task was to
reconcile the Utopian and Hobbesian traditions, using game theory
to find ways to organise the society that are both socially optimal
and incentive compatible. This book provides a succinct and
up-to-date account of this vast literature and will be welcomed by
students, lecturers and anyone wishing to update their knowledge of
the field.
General
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