TITLE:
Mechanism Design Theory: The Development in Economics and Management
AUTHORS:
Xin Zhou
KEYWORDS:
Mechanism Design Theory, Economics, Management
JOURNAL NAME:
Open Journal of Business and Management,
Vol.4 No.2,
April
27,
2016
ABSTRACT: In the last two decades, mechanism design theory is the fastest growing branch in the field of micro-
economic with a very broad application space in the practical economy. Also, mechanism design
theory brings new study framework for management. Instead of management function theory,
mechanism design theory can reveal management activities better. This article will review the
development of mechanism design theory in economics and management science, so that it can lay
the foundation for future research.