Course Details
Institutional Economics and Economic Policy
LOS: CR/UMAHWS24PHD12
LOI: CR/UMAHWS24PHD12
Course Description
Introduction\nMechanism Design Theory: Basics\nMechanisms with lower informational requirements Robust mechanism design\nStrategically simple mechanisms\nThe boundaries of institutions\nDelay in information processing and decentralization\nProvision of public goods (with transfers)\nFinancing indivisible public goods with possible use exclusion theory\nExperimental evidence\nPreference aggregation with voting rules and related mechanisms linear voting rules\nInformation aggregation in committees\nPrediction markets and crowdfunding\nModels of fiscal instability\nMechanisms for fiscal stability European economic governance