Implementation theory is an area of research in game theory concerned with whether a class of mechanisms (or institutions) can be designed whose equilibrium outcomes implement a given set of normative goals or welfare criteria. There are two general types of implementation problems: the economic problem of producing and allocating public and private goods and choosing over a finite set of alternatives.
Implementation theory is an area of research in game theory concerned with whether a class of mechanisms (or institutions) can be designed whose equilibrium outcomes implement a given set of normative goals or welfare criteria. There are two general types of implementation problems: the economic problem of producing and allocating public and private goods and choosing over a finite set of alternatives.
Source: Wikipedia "Implementation theory" · CC BY-SA 4.0
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