Economic Mechanism Design for Computerized Agents
Hal R. Varian
School of Information Management and Systems
University of California, Berkeley, California
Abstract
The field of economic mechanism design has been an active area of
research in economics for at least 20 years. This field uses the
tools of economics and game theory to design "rules of interaction"
for economic transactions that will, in principle, yield some desired
outcome. In this paper I provide an overview of this sub ject for an
audience interested in applications to electronic commerce and discuss
some special problems that arise in this context.
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