Mechanism design is an analytical framework for thinking clearly
and carefully about what exactly a given institution can achieve
when the information necessary to make decisions is dispersed and
privately held. This analysis provides an account of the underlying
mathematics of mechanism design based on linear programming. Three
advantages characterize the approach. The first is simplicity:
arguments based on linear programming are both elementary and
transparent. The second is unity: the machinery of linear
programming provides a way to unify results from disparate areas of
mechanism design. The third is reach: the technique offers the
ability to solve problems that appear to be beyond solutions
offered by traditional methods. No claim is made that the approach
advocated should supplant traditional mathematical machinery.
Rather, the approach represents an addition to the tools of the
economic theorist who proposes to understand economic phenomena
through the lens of mechanism design.
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